How to Sell Your Business

On average it takes 8-10 months to sell a business and that number goes up every year. Forbes estimates that 80% of business sales fail. To avoid the pitfalls of a typical business sale, there five steps to follow in your exit plan:

1. Goal setting

2. Assessment including a valuation

3. Improvement

4. Marketing

5. Sale

Please note: if you want a maximum sale price, you may need to spend 12-24 months improving your business. Make sure you leave time for this step as you contemplate the sale of your business.