Tag Archives: selling your business

How to Assemble a Team for Selling Your Business | Business

After years of running your business, you’ve decided to sell.  Maybe the “next generation” doesn’t want to take over the business, or you’ve decided to retire or start a new business; maybe you just feel the time is right.  If you’ve never sold a business before, you’re probably wondering what you need to do to get from “I’ve decided to sell” to “congratulations on the closing.” Putting together the right team should be your first step.

Your best chance of having a smooth and successful transaction is to put the right team together, which will consist of an accountant, a lawyer, selected key employees and in all likelihood, an investment banker. Yes, the outside members of the team are an added expense, but it will be money well spent. Let’s take them in order.

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4 Reasons to be Ready to Sell Your Online Business Right Now | BusinessTips.com

imagesHaving an online business is great. Not only are you your own boss and can dictate your own hours, but you can also sit in casual clothes at the computer during conference calls and filling orders. But even if your business is going smoothly, and the profits are rolling in, it is still absolutely essential that you prepare the business for sale. Even if you have no absolutely no intention of selling.

Confused? Read on and you won’t be.

In the excitement of running a new business and watching it succeed beyond your wildest expectations, selling the company is probably the last thing on your mind. But the fact is, most business owners eventually end up selling to an investor or an individual at some point in time, and usually when they aren’t expecting to do so. You may be lucky enough for someone to come to you with an acquisition offer, but more likely than not, you will be looking for a buyer, not the other way around.

So in preparation for that day possibly coming, it is essential to have an exit strategy ready, so you can sell quickly and easily, and move on to your next business idea. Even if you vow never to sell your business, it is still good to perform an exit strategy exercise on a regular basis. Here’s why:

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