Selling a business can be a big undertaking, but if done right, one that can be very rewarding. There are many things you can do along the way to avoid common mistakes when selling a business. Below we address these and how you can perform adequate due diligence to...
Selling a business involves several steps. One of those includes the due diligence period. This period includes the research and examination time after you receive a buyer’s offer. Because an offer isn’t a contract, there is still time for the buyer to back out. That...
When selling a business, a buyer will want a detailed business plan. While most companies have these, they aren’t usually ready to pass along to a new owner. In ten or fewer pages, a business plan summary can provide key facts that potential buyers want to see....
Selling a business is a several-step process. There are many things that need to happen prior to even listing your business for sale. In the following paragraphs, we will cover five dealbreakers for a potential buyer. To ensure you have a smooth and successful selling...
When selling a business, your word on the company’s financials will not be enough. A buyer needs documented proof of everything. The more organized you are with the material, the higher chance you have of selling your business. Financial records track the company’s...
Before selling your business, there is some prep work that needs to happen. A buyer will come with plenty of questions and if you don’t have the answers for them, they may not buy. Potential buyers want to know they are buying something prosperous. So before selling...
