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Tip #121: Will transitioning ownership of the business be easy or challenging?
Was the business built to sell? Does it appear easy-to-learn to manage or does it look too complicated and scare buyers away? Are there all the elements of a smooth-running organization – such as key employees in place, up-to-date equipment and good relationships with customers and vendors? And how long will it take to train a new owner? These are all important questions for business owners to consider when they are planning to sell their company.
