Step 3/5: What to do to Prepare Your Business For Sale?
As we stated in Step 2, whether a business sells or not is ultimately determined by the market.
Now, let’s refer to the Step 2 Questionnaire "Traits Of A Marketable Business." What did you learn? Is your business ready to be sold tomorrow, or did an honest evaluation and reflection uncover areas of opportunity for improving your business in order to make it more salable?
If you’re like most business owners, you found at least several areas of opportunity. And that’s exactly why we are going through this process. It is far better to discover these opportunities now, and take proactive steps to improve the marketability of your business, than to have your deficiencies pointed out by a qualified buyer.
Watch the video below where will describe practical steps you can begin to take now to better prepare your business for sale.
When you've completed the video, use the form to the right to download the questionnaire “Actions Steps You Can Take To Best Position Your Business For Sale” to complete Step 3 of 5
As you complete each step in the process, keep a copy of the questionnaire from each step for future reference.
If you’re finished, Click here to proceed to Step 4 of 5: “I am ready to sell my business. How Do I Find Qualified Buyers?"