7 Things To Consider When Selling Your Business

TMBA303: 7 Things To Consider When Selling Your Business
Date: 2015-08-13
Link: Tropical MBA
 
Tropical MBAMost small businesses you never exit from. They either wind down or you go out of business.
You should know who you’re going to meet in the process (of selling your business).
Be 100% honest and transparent with your staff.
Until you have money in your bank account there is no deal.
Get as much experience from your peers as you can.
All buyers want to feel like they are getting a great deal.
It is really important to get your financials in order from day one.
It is hard to get a good valuation number (when your business is growing).
(Buyers) are not comfortable with staff turnover.