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Thinking about selling your business? From evaluating your company to preparing your financials and meeting with prospective buyers, it's a long and complicated process, so it's important to be prepared.
Chuck Richards, CEO of business evaluation software provider CoreValue, discussed his tips for making sure the transfer process goes smoothly, including what to tell interested buyers and how to determine your business's value.
Before you cross the T's and dot the I's, be sure you check out these do's and don'ts for selling your business.
Don'ts:
1. Don't do it yourself.
Selling a business is not an easy task — rather, it's a multi-faceted process, Richards said. If you want to do it right, you're going to need help. Richards suggested getting an adviser. Read more...
More about Startup, Entrepreneurship, Business, Small Business, and Startups
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