Many business owners decide to sell their business without any prior knowledge of how to sell it. Unless you are a serial entrepreneur that builds and sells businesses constantly, you probably won’t understand the formality of the transaction. To you, the one-time seller, selling your business is as simple as you naming the price and the buyer paying your asking price.
Voila! Your business is sold. Right?
Wrong. Unfortunately, it isn’t that easy. Many owners looking to sell have done little work to make their business an appealing purchase for buyers.… Continue reading »