3 Tips for Selling a Business to Pump Up Your Price
is rising, not falling.
Every business has a natural cycle when sales are rising and when sales are falling. The trick is to sell when sales are rising. If you sell when sales are falling, your price is falling also.
3. Form A Good Sales Team. If you were buying a business, would you prefer one the regular consults with its lawyer and perhaps its accountant or one that only gets advice when in trouble? Would you rather have a business that plans in advance and avoids trouble or one that hops from one fire to another?
The buyer for your business thinks just like you do. You need to prepare in advance and have good advisers that look out for you regularly. Buyers know that means your business will be easy to check out for due diligence and is unlikely to have a minefield with surprises.
Guess which business will sell for more?
James Montgomery is a successful lawyer and business owner who helps and protects people buying and selling businesses. Find out about the six systems that your business must have at http://yourexitstrategy.blogspot.com. Find out about residual income at http://residualincomestream.blogspot.com
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