Before you start down the path of negotiating with a potential buyer, you'll most likely want to...
Common errors to avoid when selling a business
Lack of Preparation
The best time to sell is when a business is thriving. Insufficient preparation is the most common mistake that business owners make. In reality, the time to start preparing a business for sale is at least two years before you put the business up for sale. It is important to address several key factors of your business before putting it on the market. Things such as financial documentation, staffing problems, and leasing issues impact the sale of the business, as well as the price the business will command. Keeping updated records, a detailed business history and sales portfolio on hand at all times, will make planning much easier.
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