Selling your business can take a considerable amount of time and energy. You've likely put years of hard work, long hours and endless pots of coffee in building the company from the ground up. So if you have come to the conclusion selling is best, you want to make sure it goes for top dollar. Whether you're looking to retire and move out of the area, invest in a new business opportunity or just feel like starting a new chapter in your life, there are several steps you can take to ensure the best possible outcome.
First, Decide When You Want to Transition and Prepare Accordingly
In business as it is in life, timing is everything. Preparation of your business and concentrating on improving its fundamentals and reducing the riskiness of its cash flow are actions that drive value. Working ON your business instead of just IN it can make a major difference in the value of your company and the quality of your retirement lifestyle.
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