Preparing a Business for Sale
This article from entrepreneur.com offers the following tips for someone reaching retirement age who will likely be selling her business within the next five years:
"1. Get a business valuation...
2. Get your books in order...
3. Understand the true profitability of your business...
4. Consult your financial advisor...
5. Make a good first impression...
6. Organize your legal paperwork...
7. Consider management succession...
8. Know your reason for selling...
9. Get your advisory team in place...
10. Keep your eye on the ball..."
You may also wish to review these articles I have written on this topic: Preparing a Business For Sale and Key Concepts in Selling A Business
