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Preparing to Sell Your Business

Entrepreneur.com has a good article on the steps you need to do to prepare to sell your business:

1. Get a business valuation…
2. Get your books in order…
3. Understand the true profitability of your business…
4. Consult your financial advisor…
5. Make a good first impression…
6. Organize your legal paperwork…
7. Consider management succession…
8. Know your reason for selling…
9. Get your advisory team in place…
10. Keep your eye on the ball…”

Of course, a well-managed small business would have most of these steps taken care of and be ready to sell at any moment. :)

(Via BizzBangBuzz)

Related posts:

  1. How to Sell Your Business
  2. How to Sell a Business
  3. Free Business Plan Templates & Software

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