Am I Ready To Sell?

Selling your business is a once in a lifetime event!
Preparing for such an event takes place at various levels.

First, Are you psychologically prepared to sell? What will you do after selling your business? Travel, go into another business, retire, these are just a few of the myriad of possibilities you must consider. A person who professes to be ready to sell without a general game plan after the sale may in fact not be psychologically prepared to sell.

Second, Is your business ready to be sold? Preparing a business for sale is a critical step in the process of maximizing your sales dollar. Have you taken the necessary steps to ensure that the income stream reflects the company in the best possible light? Have you prepared an analysis of the economic income of your company for the last three to five years rather than just generally accepted accounting principals presentation? There potentially could be a big difference! Do you know what that difference is? Have you analyzed the outlook for the future of your business and your industry?