Tag: sell your business
How to sell a business? That simple question explodes with so many variables. Do you want to sell to a family or a friend? Do you want to sell today or in a month or sometimes 'immediately' with no strong current date 'soon' will start or finish.
What about the questions relating to 'how to sell the business' and 'how much do you expect or want for your business?' Do you want all the cash advance or you are willing to take some financial? You can also visit https://www.thetakeoverexpert.com/selling-your-business/ if you want to hire an expert for selling your business in UK.
So the simple question, 'how to sell a business' suddenly come up with some complications. The answer to the question 'how to sell a business' reminded me that expression, 'it's like peeling an onion.'
The most important first step is to understand the motivation of the seller and in particular their schedule including when they want to start a business selling them.
It usually takes between 6 to 12 months to sell a business with an average time of sale of 8 months, if sold. The most surprising part of the data that only 25% of businesses actually sell, that is, frankly, 75% of businesses close down.
After the motivation and timing of the seller clearly the most important next step is to get the seller and the business ready for sale. Selling a business is not an easy journey since touching a myriad of decisions that are part of owning and operating a business.