Selling Your Business? Be Prepared!
August 22nd, 2006 at 07:36am Lorie Obernauer
In Gourmet News, July 2006, author Adam Bordon contributed a comprehensive list of “do’s and don’ts” that you should consider if you’re thinking of selling your business. Full Story
Briefly, Bordon suggests that there are many things to do just to get your business ready for sale and outlines 7 steps you should take. These include: hiring professionals, cleaning up financials, clarifying your position in the market place, compiling important documents, reducing debt, resolving outstanding liabilities, and disposing of assets that are not essential to the business.
Whether you’re getting ready to retire or want to try another career, read this article and you will benefit greatly!
Entry Filed under: Business Tips
1 Comment Add your own
1. Shirley George Frazier | August 25th, 2006 at 6:33 am
Many state Web sites also provide closing or selling a business tips. They also want business owners to do the right thing to prepare a business for transition or closure.
It’s not easy to close up shop, but anyone thinking of making this change should seek all the help they can get, free or otherwise. The last thing you need is for a situation that wasn’t addressed to creep up years later.
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