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Selling Your Small Business – The Pitfalls Of Going It Alone

Your do-it-yourself spirit is the reason you launched your own business. When you’re ready to cash out, it’s natural to assume you have what it takes to sell it.

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Boost The Value Of Your Business Before You Sell. Tip #8: Diversify Your Customer Base

When it comes to establishing the value of your business, one factor buyers consider may not be obvious to you – a diversified customer base.

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Boost The Value Of Your Business Before You Sell. Tip #7: Amp Up Your Marketing Program

Potential buyers want to fully understand how you acquire customers and generate sales.

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Boost The Value Of Your Business Before You Sell. Tip #6: Sell Unnecessary & Obsolete Assets

It’s difficult to evaluate the value of your business when a number of the company’s assets aren’t essential to operation or, worse, obsolete.

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Boost The Value Of Your Business Before You Sell. Tip #5: Reduce Your Personal Perks

Like many owners, you may charge personal perks to your business to reduce your company’s tax burden.

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Boost The Value Of Your Business Before You Sell. Tip #4: Replace Family Staff Members

Working with family can be a great way to build a small business because you know you can count on them to have your best interests at heart.

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Boost The Value Of Your Business Before You Sell. Tip #3: Develop A Strong Team

When it comes to selling your business, the old saying is true: “Your people are your most valuable asset.”

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Boost The Value Of Your Business Before You Sell. Tip #2: Remove Yourself

Tip #2: Remove Yourself.    

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Boost The Value Of Your Business Before You Sell. Tip #1: Increase Cash Flow

Tip #1: Increase Cash Flow.

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What Buyers Look For When They’re In The Market For A Business Like Yours

When selling your business, it’s important to understand there are two types of potential buyers – the Financial Buyer and the Strategic Buyer. 

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