• Tue, Mar 08, 2022
  • Sell Your Business Easily
  • Pexels-tima-miroshnichenko-5198239
  • Click here for a link to the full article by Abdul Mooez published in Vents Magazine on March 5, 2022.

    Selling a business isn’t an easy task – it’s a lengthy and complicated task. While each business is different, but the basic principles are the same and there are procedures you can follow to determine the best deal. The better organized you are, the more likely you will be to get the best profit.

    It’s best to have your business prepared for sale at least a year to two months before the actual sale occurs. This will enable you to arrange your affairs and get the best price that you can. Selling your business to maximize value will be contingent upon several aspects, including the expertise of the broker you’ve hired and the timing that the deal is being conducted, as well as the reason for selling.

    There are many options to consider and steps to take in the event of selling a business. What can you do to get a buyer to appreciate the value in the things you’ve worked long to create? If your company has had huge success, you’re planning to move into a new business, you’ve decided that you want to quit, or any other life events are pushing you to move forward, selling your business requires considerable planning, research and patience.

    Below are some steps to be followed when beginning this exciting journey, along with the most frequently-asked questions that business owners ask about the sale.

    1. Find out the value of your business.
    2. Find out about financial and legal expertise.
    3. Employ a business broker who is experienced to place your company on the market.
    4. Create a realistic price for the sale.
    5. Make sure your paperwork is organized.
    6. Keep your private expenses separate from business expenses.
    7. Offers must be in writing.
    8. Make your home more attractive.
    9. Tie up loose ends.
    10. Be quiet until the transaction is concluded.

    Many people question the best way to sell a business. Many people also have questions about how to choose what company they should sell their business to.

    Company ownership and stock ownership requirements can be confusing and complex to understand, and this is why it is important for an individual considering selling their business to seek professional advice. It is very significant that an individual feels comfortable with the person they are working with when it comes to selling a business.

    Interested in selling your business? Let's discuss.
    Steve Niehaus, MBA, CBI, CM&AP
    [email protected]