| Perhaps you have too many businesses to run or | | | | revenue. You will also need to prepare your |
| you simply want to retire to start enjoying your | | | | contracts involving your clients and your suppliers. |
| life. Here's how you can easily sell your business: | | | | Make sure that all the necessary documents are |
| 1. Get some help. Unless you have the skills and | | | | ready as these will surely be required by your |
| knowledge on how to sell a business, I | | | | potential buyers. |
| recommend that you hire a group of advisors | | | | 3. Advertise. If you don't want to hire a business |
| that can help you all throughout. Depending on the | | | | broker, you can go ahead and do the legwork. |
| size of business, you may need to hire a certified | | | | Start finding potential buyers by simply announcing |
| public accountant, a lawyer, a business appraiser, | | | | the sale of your business. You can run ads on |
| and a business broker. Although you will need to | | | | newspapers, on TV, radio, or magazines. |
| share a part of your revenue with these people, | | | | 4. Be ready for the negotiation process. Most |
| you can be assured that they'll be able to help | | | | potential buyers will haggle before they make a |
| you land a good deal. | | | | purchase. Before you meet up with them, |
| 2. Get your business ready for the selling process. | | | | determine your "walk away price" and the terms |
| With the help of your advisors, you can go ahead | | | | that are non-negotiable. This will help you save |
| and prepare your income tax returns for the last | | | | time and energy. |
| 3 years and documents showing your sales and | | | | |