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Tip #117: Selling the Business at the Highest Price
There are a number of important value drivers that will determine the selling price of a business, but certainly the profitability of a company is the big one. After all, there are very few situations where an individual or a company would want to buy a business that doesn’t make much money. Business owners must do everything they can to show strong profits for a few years before they plan to put their business on the market, even though it might mean paying taxes during that period.