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Selling your
business:
Reasons for selling your
business
Defining your assets
- If you have insurance on
your material goods, consult your insurance agent to determine
what the net value is of all of those goods
- Identify the
going rate for the worth of your staff (their salaries, their
collective skills, education and experience)
Grooming your
business for sale
- Valuate your
business in the best possible, most favorable manner (see the
“Defining your Assets” section above)
- Clean up your business
practices to make them shine to a potential buyer
- Have an
accountant prepare all important financial papers for use in the
bargaining process
Marketing your
business
- Use DotBiz4Sale.com to
advertise your business free of charge
- Utilize word-of-mouth
advertising in the business circles of which you are a part
Deal making
- Research a good lawyer who
will work for you to get the best deal
- Be willing to possibly help
the buyer with the purchase of the
business.
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