Click here for a link to the full article by Trent Lee published in Forbes on March 29, 2022.

People spend years building businesses, sacrificing various elements of their lives and selves along the way. It can be a rewarding process, but it’s also one that comes with plenty of decisions and responsibilities. Eventually, you have to think about what’s next for your business, as much as what’s next for you. Doing so includes preparing the business for sale.

This can take a lot of effort for one person, but there are plenty of resources out there to assist you along the way. To begin your transition out of business ownership and get your company ready to hit the market, follow the steps below.

1. Clean House

2. Build A Team

3. Look At Value As A Buyer

4. Keep Management Focused On Business

5. Put Together Your Advisor Team

6. Consider Tax Implications

7. Plan Your Finances