Selling a business is a major step many business owners take when they are ready to retire. Yet the question, “Are you ready to sell your business?” can send business owners into panic mode. Truthfully, you may never be emotionally ready to sell your business. After all, you’ve poured your life and soul into your business. However, you can make personal and business preparations now that will have you ready to sell your business in the future.
What can you do personally to prepare yourself for the sale of your business?
After you prepare yourself to exit your business, you need to make sure your business is ready for sale.
When you decide you are ready to sell your business, don’t move forward alone. Talk to your family and friends to get their support. Then, gather your professional team together. Lean on your CFP, your CPA, and your attorney as you navigate this personal and business transition.
For more information about selling your business, be sure to check out my blog series, Building a Sellable Business. In this series, I offer you ways to increase the value of your business before you sell it, ways to prepare your business for sale, and ways to sell your business. You won’t want to miss it!