What You Need to Do to Sell Your Business

Sell Your Business

What You Need to Do to Sell Your Business

There are specific steps you can take to increase the chance of a successful closing when selling your business:

  • Know why you want to sell your business.  Before placing your business for sale, it is important that you both know why you want to sell your business and that you are certain about this decision.
  • Have a plan for what you will do following the closing.
  • Keep all necessary parties aware of the deal. The time to discuss the sale of your business, as well as future plans, with partners, spouses, children and other involved parties is before you list.
  • Communicate to your outside advisors that you want the deal to work.  Protect your interests but don’t kill the deal!
  • Finally, find the right deal.  Both buyers and sellers need to be willing to compromise.  It is helpful to consider in advance the areas that are most important to you, so you can come to the table with a willingness to compromise in other areas.  There must be a win-win for both seller and buyer.

If you are ready to follow these steps, we can help you begin the process! Contact Moshe Hazout at Transworld Business Advisors today!

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