Buying or Selling a Business: Part 1

Selling your business is one of the biggest financial decisions you’ll ever make. Whether you’re planning for retirement, moving on to new opportunities, or just ready for a change, the process can be complex. The key to a successful sale? Planning ahead and having the right strategy in place!

Here are the six essential steps every business owner should follow when selling their business:

⏳ 1. Plan Ahead – Goals & Objectives

Don’t wait until the last minute! Define your exit strategy, financial goals, and ideal timeline to ensure a smooth transition.

💰 2. Assess the Value of Your Business

Do you know what your business is worth? A proper valuation is crucial for attracting the right buyers. We’ll cover valuation methods and how professionals like CVA, ABV, and ASA determine fair market value (FMV).

👩‍💼 3. Hire a Team

Selling a business isn’t a solo job. You’ll need a business broker, accountant, tax strategist, and attorney to help structure the deal, minimize taxes, and maximize your profit.

📑 4. Due Diligence

Buyers will thoroughly examine your business—financials, operations, legal compliance, and more. Being prepared for due diligence will keep deals from falling apart.

🎯 5. Identify Buyers

Who’s the best buyer for your business? You may be approached by strategic buyers, FMV buyers, or even your own employees. Understanding your options helps you get the best deal possible.

🏁 6. After the Sale

The sale isn’t the finish line—it’s the beginning of your next chapter. From tax planning to transitioning leadership, we’ll cover what you need to do to secure your financial future.

If you’re considering selling your business—or just want to prepare for the future—let’s talk!

Watch the full video here: https://youtu.be/wVYKJIF4fiE

📅 Book a Discovery Call Here: https://app.acuityscheduling.com/schedule.php?owner=14522012&appointmentType=62563958

📩 Drop your questions in the comments! Have you thought about your exit strategy?