Preparing Your Business for a Successful Sale

If you have made the decision to sell your business, you must do everything possible to get your business ready or it can reduce your chances for having a successful sale. Anyone who shows an interest in your business must be able to see for themselves that it is a money-making opportunity for them. Throwing up a sign that states “Business for Sale” or putting up an ad on Craigslist is not going to be all you need to do to sell your business. The key to a successful sale will rely on your ability to create a strategic plan to insure you receive a high valuation and get the most for your business. This plan must be carefully formatted and adjusted for your own business needs. However, the following are just a few steps you can take to increase the likelihood of a sale:

Create Your Own Exit Plan…