The all-important question of “How much can I get for my business?” is heavily influenced by the advance preparation for the sale. Following this 5-step plan will help turn one of the biggest decisions a business-owner can make into a successful outcome.
Plan for the Sale
Start planning and preparing for the sale of the business two to three years in advance. The greater the time frame, the better chance you have of presenting the company in the most favorable light. The business may look good right know, but the buyer will ultimately determine what they are willing to pay based on how good the business looks to them.
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