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Tip #67: A company operations manual can be very helpful in selling a business!
An operations manual is a comprehensive documentation of how a company functions. If written correctly, it should guide someone unfamiliar with the company through the day-to-day procedures for operating the business. Not only does creating a manual help an owner organize the company and help it to run more efficiently, but it can help in the sale of the business. Showing prospective buyers that there is a manual can let them know that the business is well-organized and that it will be easier to learn the business.
