5 Ways to Prepare a Business to Sell for a Higher Price

5 Ways to Prepare a Business to Sell for a Higher Price  - http://exitpromise.com Avatar Posted by Exit Promise under Finance
From http://exitpromise.com 3759 days ago
Made Hot by: bloggerpalooza on January 7, 2014 12:28 am
The reasons for selling a business are many and varied; in the end, however, the desired result is the same – money. So how does one go about maximizing profit when selling a business? The obvious answer is to sell when the business is doing well. A thriving business will excite buyer demand. Many of the same actions that produce a successful business are the same actions needed to prepare a business for sale.





Comments


Written by AngelBiz
3754 days ago

Chris - Excellent points. Selling a business is a long and arduous journey. Any effort you put to bring the "house in order" will pay off during selling process. In addition to the tips you provided I would also add that you should bring your financial statements in order. This is the first place any potential buyer would go to. You need to have last 3-5 years of financials in order and have explanations for any anomalies.



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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!