Tip #170: Is It Really That Complicated To Sell A Business?

A wife complains about her husband being too stubborn to hire a professional and now they're 80 years old and still haven't sold the business Yes, selling a business can be very complicated. There can be so many pieces to the puzzle, starting with a valuation to determine a fair market value. Going through that process will disclose many of the factors relating to value and how the market might react. How will lenders view the business? Are there buyers qualified to run the business going forward? What about the products and services, the profit margins, the assets, any leases that are in place – the list goes on and on. Working with a business broker or mergers and acquisitions advisor can make a real difference in confidentially finding buyers and going through this complicated and oftentimes stressful process.