5 Mistakes to Avoid When Selling Your Small Business

About This Presentation
Title:

5 Mistakes to Avoid When Selling Your Small Business

Description:

As an entrepreneur, I have built and sold six businesses including a car rental company, two mini-storage facilities, and three retail stores. Now, as an international professional speaker and business consultant, I help other small business owners achieve this same success. For more info, plesae visit at – PowerPoint PPT presentation

Number of Views:6

less

Transcript and Presenter's Notes

Title: 5 Mistakes to Avoid When Selling Your Small Business


1
5 Mistakes to Avoid When Selling Your Small
Business
  • As an entrepreneur, I have built and sold six
    businesses including a car rental company, two
    mini-storage facilities, and three retail stores.
    Now, as an international professional speaker and
    business consultant, I help other small business
    owners achieve this same success.

2
Mistake 1 Not Planning Ahead or Waiting Too Long
to Sell
  • You've decided to sell your business. Why? That's
    one of the first questions a potential buyer will
    ask.

3
Mistake 2 Not Finding the Right Person to
Represent Your Business
4
Mistake 3 Thinking You Dont Have to Promote or
Market Yourself
  • Next, you'll want to determine the worth of your
    business to make sure you don't price it too high
    or too low. Locate a business appraiser to get a
    valuation. The appraiser will draw up a detailed
    explanation of the business's worth. The document
    will bring credibility to the asking price and
    can serve as a gauge for your listing price.

5
Mistake 4 Asking Too Much or Too Little for the
Business
  • Selling the business yourself allows you to save
    money and avoid paying a broker's commission.
    It's also the best route when the sale is to a
    trusted family member or current employee.

6
Mistake 5 Selling to the Wrong Person
Taking the first offer may not be a wise choice.
This may not necessarily be your BEST offer.
Selling your business for top dollar with little
or no money down along with an extended contract
may lead you to lose it all.
http//sellyourbusiness.co.za
Write a Comment
User Comments (0)