Heather Loewen's Articles in Small Business Advice - Self Improvement Articles from PositiveArticles.Com

Heather Loewen's Articles in Small Business Advice

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Plan Ahead to Sell Your Business Selling your business can be a very emotional process. Countless hours and tremendous effort go into building a business, then one day, it is time to sell. Your reason for selling can be the primary driver for your timing for selling. The next few years will see a rise in the number of business owners exiting due to retirement. If you have plans to retire in the next year or two, now is the time to prepare your business, if you haven’t already. Increase the Value of Your Business – 5 Value Drivers Are you considering selling your business? Before proceeding, you may want to invest some time and energy in developing a few areas that don’t show up on the balance sheet. Buyers are interested in more than the bottom line. Here are 5 value drivers that influence the goodwill portion of your asking price: Procedures; Systems; Job Descriptions; Marketing Efforts; and Owner Dependence.