Businesses are sold for a variety of reasons including retirement, lack of enjoyment, or even yearning to spend time outside of work. An Intuit infographic explained factors to take into consideration when selling your small business.
According to the infographic, assessing whether your business can be sold is the first step. If your business proves to be successful, assemble a trust-worthy team of an accountant, attorney and business broker. Once your business is valued appropriately and your books are updated and gathered, you should focus on marketing your business for sale.
Once you find the perfect buyer, use time efficient tools like online fax to ensure the documents have been signed and the sale is finalized in a timely manner. And, finally, enjoy a vacation somewhere on a white sandy beach!