| Would you want to sell your business but simply | | | | profit trend. Decline or stagnation in profits will |
| don't know how to go about it? Then, read on | | | | surely detract from your business' value. |
| and find out how. | | | | 3. Prepare for the sale. Before you meet up with |
| 1. The first thing that you need to do is to make | | | | your potential buyers, make sure that you |
| sure that you are 100% that you want to sell | | | | anticipate all the questions that these people might |
| your business. Don't be one of those people who | | | | throw at you. One of the things that they would |
| back out in the middle of the buying process just | | | | surely want to know is the reason why you are |
| because they realize that they are not ready to | | | | selling your business. Be honest at all times if you |
| give up their business just yet. Doing this can | | | | don't want anything you say to back fire at you |
| save you time, money, and energy in the long | | | | in the future. |
| run. | | | | 4. Finalize the sale. Once you have selected the |
| 2. Prepare the documents. You will need to | | | | best buyer, finalize the sale by creating a contract |
| prepare your business income tax returns for at | | | | with the help of a lawyer. Then, decide how long |
| least the past 3 years and your financial | | | | are you going to help the new owner in operating |
| statements. A certified public accountant can help | | | | your business. For your own protection, make |
| you with this task. To determine your business' | | | | sure that you put everything into writing and get |
| real value, you will also need to prepare your | | | | all people involved to sign it. |
| business operating history that contain increasing | | | | |