Tip #73 – Selling A Business Takes A Team Of Professional Advisors.

Loan RejectionManaging a business on a day-to-day basis is not the same as selling a business.  It takes different expertise and knowledge of the marketplace.

The business owner must have the books in order, identify true profitability of the business, understand tax implications, have key employees in place, prepare facilities to make a good impression and many other issues.

It is highly recommended that a business owner build a team of accounting, legal and, most importantly, mergers and acquisitions professionals to prepare the business for sale and to put it on the market to get the best price and terms.


Michael MarksMichael Marks, creator of Toons ‘n Tips, is a Certified Business Intermediary (CBI) and has over thirty-six years of business experience and ownership. He is a licensed real estate broker in the state of Colorado and has been selling businesses for over eighteen years. Michael has taken up cartooning as a hobby in recent years and has found that by using those skills, along with his extensive business experience, he has been able to create the Toons ‘n Tips drip marketing service for clients all over the country. Find out more about Michael at www.toonsntips.com.

 

2015-02-24T11:48:25+00:00February 24th, 2015|Maximizing Business Value|