9 Things Every Business Owner Needs to Know Before Selling - Axial

When selling your business, it pays to learn lessons from others.  Most business owners will not get a second chance to do it well, and it is such an important process for your employees, your customers, and your own bank account that you want to maximize your chances of success.

I have been involved in over 30 business purchases – most with between $1 million and $5 million in profit — and have earned scars from broken deals, learned many humbling lessons, and burned the midnight oil doing my best to craft the perfect win-win arrangement. Even now, I learn something new or experience something unpredictable in each transaction.

Here is the best of what I have learned:

1)  Put Time on Your Side

Most business endeavors are easier and better when time is your friend.  The opposite is also true — it is difficult to optimize the results of a business sale if you compress the time available to work all of the components.  This applies to both the time available each week and the time from the start to the finish of the overall process.

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9 Things Every Business Owner Needs to Know Before Selling - Axial:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.