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In Summary: The 5 Stages Of The Business Lifecycle

Every business passes through five distinct lifecycle stages and each is a factor in how buyers value your company.   

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Top Reasons To Sell Your Small Business. #5: Crucial Factors You Shouldn’t Ignore

Your top manager plans to retire in a couple of years. It won’t be easy to replace this key leader. In fact, many potential buyers consider the strength and performance of your staff when determining the amount of their offer. It’s far better to sell when your top managers are still in place.

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Top Reasons To Sell Your Small Business. #4: Family Members Aren’t Willing Or Able To Take Over.

Far too many business owners assume a family member will take over the helm when they’re ready to retire.

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Top Reasons To Sell Your Small Business. #3: You Can’t Keep Up With Technology

These days, technology becomes obsolete at a mind-blowing speed. To stay competitive you have to keep up with technological advances and continually train your team in its use.

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Top Reasons To Sell Your Small Business. #2: Your Market Share Is Stagnating

What are the signs your market share has started to stagnate or, worse, on a slow decline?

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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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