It is wise when starting and growing a business to have the objective of selling it someday at maximum value. That means that the company should be built with good profit margins, large available markets and the ability to grow for a long period of time.
The products or services should have an edge in the market. It also means the systems, policies, and procedures should be easy to understand and would make sense to a buyer. And it needs to be appealing to a large number of buyers.
Of course, there are many other issues to keep in mind, read “How Do You Make Your Business Sale-Ready From The Beginning?”
|Michael 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.|