No doubt, you've invested a lot of yourself and your
resources in your business. Now you've decided to move on.
Selling your business may be the doorway to your future. Your
first step is to talk with advisors about coordinating your
financial and legal course of action.
Fact is, your company is only worth what someone is
willing to pay for it. Several factors can influence a
buyer's decision: return on investment (five to six years is
considered reasonable), age of your business, national and local
economic conditions and the difficulty of managing your business.
To make the transaction happen in a reasonable time and
on the best terms, you need to:
Find the right buyer.
Determine what your business is worth. This task is at once critical and complicated,
but with careful research, you can identify the right price.
Establish financing. The actual payment for your business can happen in many ways.
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