Month: July 2015

How to sell your business – part 5

So you want to sell your business? Now this one is as simple as it comes. Organize your legal paperwork such as operating licenses, property leases, customer agreements and insurance documents. Know where they are, keep them handy, you will surly need them. So find a good file folder and have all of those documents at hand so when you…

How to sell your business – part 4

So you want to sell your business? Update your company’s financial statements and understand the nature of you firm’s revenues and expenses. Buyers will typically require 2 to 3 years of financial statements (profit-and-loss statements, balance sheets and/or tax returns) for their evaluation. Make sure you have supporting documentation for nonoperational expenses (fringe benefits such as your personal health insurance).…

How to sell your business – part 3

So you want to sell your business? Selling a business can be emotionally stressful. We are sharing 10 steps to help you maximize your success potential when selling your business. Stay tuned each week as we share the top 10! Tip #3 Learn the true value of your business. Since small business valuations can be complicated, many owners have no…