9 Things You Should Do Before Selling Your Business | Young Entrepreneur Council

What is one thing I should not forget to do when trying to sell my business? 

The following answers are provided by the Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world's most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

1. Get Your Finances in Order 

A potential buyer will dig deep into your finances, so providing accurate financial projections is an essential step in the exit process. You'll need to prepare pro forma statements at both a summary and detailed level. You'll also need to have supporting schedules for all of your asset and liability accounts as well as supporting documentation for your revenue and expense accounts.
- David Ehrenberg, Early Growth Financial Services.

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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.