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)

This entry was posted on Monday, May 7th, 2007 at 4:57 pm and is filed under Small Biz Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.