When it comes to selling your business, it’s easy to make mistakes. If the thought of selling makes you want to keep working until you die, take a deep breath and keep reading. There are a lot of people who have walked this path before you and lived to tell about it. Here are a few insightful resources that will help you learn what to avoid, what to look for and how to move forward with confidence.
In this post from the New York Times blog, author Josh Patrick takes a close look at the details that caused a real business sale to go painfully wrong. This postmortem uncovers common mistakes business owners make when faced with a transition and provides insights to keep your own sale from going down the same road.
Selecting your broker is an extremely important step toward selling your business. Each business owner is unique, so it should come as no surprise that, when it comes to brokers, one size does not fit all. This article examines what to look for as well as important things to keep in mind during your search.
Making decisions about the sale of your business aren’t always black and white. This article outlines some of the trade-offs you are likely to face during the process of transitioning as well as practical advice to keep things on track.
Planning ahead is vital. Whether you’re preparing your company for sale now or don’t plan on transitioning for years, it’s never too early to start thinking about how you want to retire and what it will take to make it a reality. This post offers practical insight tailored to the business owner.
On the theme of retirement, the last post in our list focuses on a step-by-step approach to retirement that starts with the end in mind. Working backwards from your goal for retirement will empower you to set the right wheels in motion now.
Do you have an exit plan for your business?