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Sellers > Tools
Educated Clients Make Buying Easier
EBB believes purchases are made easier when clients understand the
process. This section identifies some of the issues that you will
need to address and the sources of anxiety that
the buyer may experience.
Preparing For the Sale
Before you think about selling your business,
make sure you are
prepared. There are three phases to the selling process: 1) Getting
Ready, 2) Finding Buyers, 3) Negotiating & Closing the Deal.
Determining Price
There are many methods of
establishing the value of a business. You
may want to identify which method or combination of methods you
believe would be most appropriate to value your business.
Five Mistakes Sellers Make
Watch out! Avoid the
five most common mistakes sellers make, which
include: 1) Improper/incomplete documentation, 2) dealing with only
one buyer, 3) not preparing an exit plan, 4) not knowing the value of
your business, and 5) not seeking professional advice.
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Tips For Selling Your Business |
- Put the Books in Order
- Determine the Value of the Business
- Continue to Manage the Business While Selling It
- Negotiate Effectively by Calling in an Expert
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