Selling your business

Your business represents an investment of time, money and hard work. Its sale should, therefore, be a reward for all that you put in. Here are a few tips for a successful sale:

• Before you sell, discuss your motives, the timing and possible outcome with your family and your employees. Pay attention to confidentiality.
• Try to make repairs and improvements where possible.
• A business advisor can help you to appraise your business and decide on your asking price.
• Get all your financial data and other records in order because prospective buyers will want to see them.
• Your lawyer can help you with the contract and the details of closing the deal once you have accepted an offer.