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TIP #59 - SELLING YOUR BUSINESS

CONSIDER THIS: You have worked hard and built a one million dollar business. It took you 15 years, 14 hour days and a lot of gray hairs to build it up. Now you want to sell it and relax. So what's next?

How do you move to the next step? This tip walks  you through the process of selling your business, from:

• Contacting a business broker, an expert in business valuation - what are the pros and cons?
• Pricing your business realistically, including what banks look for in valuating businesses and the three financial elements that are most important to potential buyers
• Suggestions or where to look for potential buyers.
• What to do before you approach potential buyers
• Considering offers from potential buyers.

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