Thinking about selling your business? Do these things to make the process easier

 by Teresa Kuhn, JD, RFC, CSA
Living Wealthy Financial Group

If you are seriously considering selling your business, there are three things you can do right now that will ensure you have a successful, stress-free, and profitable selling experience.


1.Prepare a comprehensive exit strategy.  

A profitable business sale could potentially be jeopardized by an owner on an emotional roller coaster,  After all, there is definitely an intense connection to this business you've worked hard to build.   Avoid an uncomfortable sleep on the bed of regrets by preparring your exit blueprint long before you begin the process of finding a buyer.  Your emotions are far less likely to tank the sale if you do this with a view to your future life plans.  Be sure to include your family in the planning process, especially if they have been working in the business for a while.  At Delta Business Services, we can help you make an exit plan that will keep you from going crazy when the time comes to leave your business.

2. Start preparing the business to run without you.. far in advance. 
Nothing turns off potential buyers quite as much as a business that looks as if it won't be profitable without the owner.  Start stepping back a little, delegate more responsibility to a family member or employee.  Do everything to create profitable systems that a new owner can continue- without you being involved.

3. Be realistic when valuating your business...  Far too often, business owners are unrealistic about how much money they hope to get from the sale of their business.  Business valuation is based on quantifiable criteria, not what an owner thinks it's worth.  You need to be sure to get an objective third-party valuation early in the process and work hard to do things that will increase the value.

For more tips and actionable ideas to help you exit your business with a lot more money in your pocket, get our free report:

What do you do when you've fallen out of love with your business?

Download it here:

http://www.mediafire.com/download/r2d4o22puuy37h8/What_to_do_when_you(1).doc