If you plan to use a broker to sell your business, make sure you thoroughly vet potential candidates:
What kind of experience do they have selling businesses such as yours? Competent brokers need valuation and accounting experience, knowledge in the legal aspects of selling a business, salesmanship, and patience.
They should also be a member of a trade association and hold an accreditation like a certified business intermediary (CBI).
One of the most important parts of my business is setting owner expectations. For example, you don’t want a business owner believing that we can ......
Mistake #10. What is Your Most Valuable Proposition (M.V.P.)? Having great products, service, and prices is no longer enough in today’s competitive marketplace. Although important, ......