Trying to sell your business on your own, having not done it before, can be fraught with danger!
As the old adage goes, “You don’t know what you don’t know!”. There’s always the chance that you luck your way through, and all hail to you if you manage to do so.
But what I know for sure is, as an experienced business broker, that most do not sell, or sell well.
You (as the owner) eventually use a broker after trying unsuccessfully.
In many cases, all that’s unfortunately been achieved is that it takes a whole lot longer to sell and by potentially taken your eye off the business ball, the numbers may then reflect the distraction (which is not good for sale purposes)…
So why consider using a business broker from the outset?
If trying yourself is what you want to do first, then watch out for these common mistakes to avoid when exiting. Not:
The following are 5 tips to help enhance the sale price of your business… by answering these 5 questions, you are seeing your business popping on buyers goggles.
If the answer is no to any of these, then you/we have got work to do.
Share your thoughts below.
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