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Tip #137: Prepare to sell my business? Who has time?
Business owners hear it all the time: “You need to plan to exit your business!” There is so much to consider and so much at stake. The need to understand what needs to be done to prepare the business to be attractive to buyers to get the maximum value. And financial planning — the tax impact, how to invest the proceeds of the sale, property, insurance — and so much more. It takes time and effort, but business owners need to start by talking to a business intermediary/broker to get this long term process started.
