Before a business owner decides to sell their business they need to do some soul searching to find out what they are going to do once they sell. Often times they start the process and change their mind because the alternative to being a business owner isn’t what they first thought it would be.
A couple of other suggestions are to get a business valuation to know what the business is worth. It’s my experience that too many sellers think their business is worth way more than it really is. And the final is to understand that taxes will probably be pay on the sale price of the business. So don’t think if you sell it for $1,000,000 you’ll get to keep it all. Seriously consider the help of professionals to sell your business – it’s a long and complicated process.
Andrew Rogerson-www.bizilla.com/broker/andrew-rogerson/1348
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