If you are a business owner, you’ve likely found yourself asking:
- Am I ready to sell?
- How much is my business worth?
- How do I prepare my business for a transition?
Each of these questions has likely been met with some uncertainty. The fact is, the decision to sell your business is always complex, as it’s often not only a financial decision, but an emotional one as well. Furthermore, if that decision is haste, and you’re looking to sell in the short-term, you may not be able to realize the full value for your business. It can take up to a few years to properly prepare to sell a business. However, proper preparation will help you attract more qualified buyers and substantiate the company’s value.