Tip 39: Too much baggage can hurt the sale of a business!

Too much baggage can hurt the sale of a business!

Many businesses are loaded down with problem issues that can affect the sale of the company. This baggage can in the form of overpaid and/or unproductive employees, outdated or unused equipment, expensive leases on old equipment, unsellable inventory or an expensive lease on outmoded facilities. Buyers can struggle with these issues and sometimes walk away. Business owners must take steps to deal with this baggage before they try to sell their company.