When it’s time to bid farewell to your business, the last thing you want is to leave behind a significant portion of your hard-earned wealth. Sadly, this is the fate that befalls many business owners because they fail to adequately prepare for the sale of their business.
This isn’t due to a lack of intelligence or unethical buyers. It’s often because businesses haven’t been primed for sale, leading to missed opportunities.
Think of it this way: Just as you’d spruce up your home before listing it for sale, your business requires preparation to achieve its optimal value. Surprisingly, studies reveal that business owners invest more time planning a family vacation to Disneyland than planning their business sale.
