10 Big Mistakes to Avoid When Selling Your Business
Follow these tips to maximize the success of your sale and preserve your peace of mind. Most sellers don't expect the exit from their company to be easy, but many are surprised by how difficult it can be to sell their business for a good price in a reasonable time frame, especially in the current economic environment. It's important, however, to not let frustration get in the way of maximizing your sale. The majority of frustrations and challenges sellers experience could be avoided easily with a little information upfront about the pitfalls of selling a business in today's market. There are literally dozens of challenges to overcome in a business sale--but here are the 10 that could have the most significant impact on both your business for sale and your peace of mind. Insufficient Preparation Lack of preparation is by far the most common mistake that small-business owners make. Just like you would spruce up your house before hanging a "For Sale" sign i...