What can I do to prepare to sell my business?

Selling a business can be a complex and time-consuming process. Proper preparation will make your business more attractive to potential buyers and maximize its value. Here are some steps to help you prepare your business for sale:

  • Start early: Give yourself plenty of time to prepare for the sale. It can take months, or even years, to get a business in the best shape for selling.

  • Organize financial records

  • Improve profitability

  • Address any legal issues : Resolve any pending legal matters, such as lawsuits or contract disputes, before putting your business on the market.

  • Evaluate and improve operations

  • Reduce the owners day-to-day role in the business.

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