28 May Selling Your Business

8 Rules to get the Best Deal

~Selling Your Business Is A Process, Not an Event

The 8 rules you need to consider are:

Rule #1: Do not try to sell your business yourself.

Rule #2: Have a clear understanding of why you are selling your business.

Rule #3: Have a realistic understanding of what it is you have to sell and how valuable it really is.

Rule #4: Have a good understanding of why someone would want to buy your business.

Rule #5: Get your house in order.

Rule #6: Plan to sell a business opportunity, not a pile of assets or a set of financial statements.

Rule #7: Plan to have multiple, enthusiastic buyers for your business.

Rule #8: Do not get attached to a particular price for your business; plan to let the market give you the best idea of what your business is worth.

So let’s PlanSmart^TM!

Joel Rose

With over 35 years of experience, Joel Rose helps families – and their businesses – to prepare for the future. He offers guidance and support to help his clients create estate plans and succession plans that meet the needs of the whole family. Through his extensive professional and personal experience, Joel is known for his compassion and his ability to find a creative solution to meet each family’s needs.