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Tip #134: When is it time to sell the business?
There can be countless days that business owners feel they can’t take it anymore, it’s time to get out! But they could just be having a bad day – lost a big account, a key employee walked out, a new competitor just came on the scene, etc., etc. This is just part of owning a business, but the day will come when there is good reason to sell. And the business must be prepared for that day. Contacting a business broker or mergers and acquisitions advisor now is a good first step to understand the process.
