9 Steps to Sell Your Business
Selling your business fast and at a fair market price is the goal of many small business owners. After making the decision, "I want to sell my business," there is nothing more frustrating than having the market respond or getting very low offers. Understanding the selling process will greatly help you to sell your business faster.
To sell your business fast, follow these 9 steps.
Step 1. Establish Fair Market Price
This is the most important part of selling your business. Because the value of the business is more than just the equipment and furniture and fixtures, determining the fair market price requires detailed knowledge of the market place and what buyers are paying as well as an in depth understanding of your business.
To obtain the fair market price, you will need to contact a business broker or business valuation specialist who values businesses on a regular bases.
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