"How
To Sell My Business"
A
Simple, Six-Step Guide To Selling Your Business Fast
And For The Most Money
How
To Sell My Business is a free resource you can return
to again and again while you sell your business.
In
1999 I founded TheBizSeller.com so that business sellers
would have a site that was exclusively For-Sale-By-Owner.
And this brand new section is written for these very same
people - the business owner who wants to sell their business
without using a broker and save that 10-12% commission.
(Click
here to learn how to advertise you business for sale on TheBizSeller.com
for $39.95 per month.)
Some
of the things you will learn here are how to:
-
Prepare
all aspects of your business so that it is as attractive
as possible to buyers
-
Write
an online ad that attracts qualified buyers while
discouraging the unqualified tire kickers
-
Protect
your confidentiality throughout the process
-
Determine
a realistic value for your business and develop an appropriate
price range that can be justified to the buyer
-
Effectively
negotiate all the details of the sale for your maximum benefit
-
Set
up financing to make sure you get paid
-
Manage
the due diligence to insure that the sale actually takes
place
-
Get
the most out of the professionals that you hire (Lawyers
and CPAs)
The
Six Steps To Sell Your Business
I've
broken the selling process into 6 steps and have created a section
dedicated to each step. The 6 steps are presented here in the
same sequence they will occur during the selling process,
although there is some overlap.
If
your business is already on the market, feel free to jump straight
to whichever step you are presently involved with. But if you
are just starting out, I suggest you begin here: Overview
- The Process Of Selling A Business before beginning
Step 1.
Step
1- Preparation
- Steps To Take Before You Sell Your Business
Step
2- Business
Valuation - Determine Your Asking Price
Step
3- Advertise
Your Business For Sale And Qualify The Prospects
Step
4- Structure
And Negotiate The Terms Of The Sale
Step
5- Conduct
Due Diligence
Step
6- Close
The Sale Of Your Business Quickly
Selling
Businesses On-line Since 1999
When
it comes to business-for-sale web sites, the Internet is dominated
by sites that cater to business brokers and Merger and Acquisition
specialist.
But
the fact is: the overwhelming majority of small businesses
are sold by their owner without the assistance of a broker.
So,
I've created this totally Free Section using
everything I've learned over the past decade to help you "do
it yourself". Of course, "Do-it-yourself" is
a bit of an overstatement as you will probably still need
to hire a lawyer and an accountant when you sell your business.
Since
I am not a lawyer: there is no legal or tax advice given.
In
order to make things as clear as possible I've used many real
world examples from actual sellers I have worked with.
I've
also done my best to limit the jargon and legalese
that is commonly used by the "professionals".
If you own a $30,000 home-based vending business, some of
what is included here may be overkill. Likewise, if
you own a multi-million dollar manufacturer with 100's of
employees, you will likely need additional expertise that
is beyond the scope of this site.
But
regardless of your situation, you should find a lot of valuable
information here that can help you sell your business faster
and for more money.
Overview:
The Process Of Selling A Business
How
To Sell My Business
Step
1 - Preparation Step
2 - Valuation Step
3 - Finding Buyers
Step 4 - Structure The
Sale Step 5 - Due
Diligence Step 6 - Closing
