| Clueless as to how you can sell your business? | | | | necessary if you are selling a very small business. |
| Then, read on and find out how! | | | | However, if your business is selling for several |
| 1. Know your business' worth. Obviously, this is | | | | thousands or millions of dollars, you may want to |
| the first thing that you need to do. You will need | | | | hire a business broker who can help you find the |
| to know how much you are going to sell your | | | | best clients. You will need to pay this person 10% |
| business before you do anything else. Hire a | | | | of the selling price. |
| business appraiser and a certified public accountant | | | | 4. Find the best clients. If you opt not to hire a |
| who can help you determine the right price tag. | | | | business broker, you can go ahead and sell your |
| 2. Hire a lawyer. This isn't necessary if you are | | | | business by yourself. You can run an ad on |
| selling a very small business but this is crucial if | | | | newspaper, TV, or radio. You can also use the |
| there is a huge money involved. Hire the best | | | | internet as your marketing medium. |
| lawyer in town who can help you prepare your | | | | 5. Prepare. Do necessary preparations before you |
| documents and draft the selling contract. This is | | | | meet with your potential buyers. Anticipate all |
| very important in making sure that you will land a | | | | their questions and have ready answers for them. |
| great deal. | | | | Also, prepare all the documents like business |
| 3. Hire a business broker. Again, this might not be | | | | income tax return within the last 3 years. |