Sudden Wealth From the Sale of Your Business? | David A. Dedman

Sooner or later every business owner wants to retire or just sell his business.

For a business owner this is a huge life event. Some are very sure of their decision, while others can be hesitant. They have worked hard for years on their business. Sweating the lean times, and hoping that things would pay off. Eventually creating a thriving and successful business.

As with every life event there will be some complex decisions to be made. There could also be a significant amount of sudden wealth.

First, be clear on the reason for the sale. Why? Well, it's going to be the first question that the buyer will ask. Full disclosure can be a good friend. Here are some common reasons business owners sell:

• Retirement 
• Illness 
• Partnership conflicts 
• Overworked 
• Bored to tears or no challenges 
• Make a nice profit 

Next, decide what you will do with your life after the sale. If you were successful give yourself a pat on the back. Now comes the hard part. Life after the sale. In my experience business owners with do one the following:

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Sudden Wealth From the Sale of Your Business? | David A. Dedman:

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.