One trait common among small business owners like yourself is the desire to control your own financial destiny. It’s what drives you to work hard and make necessary sacrifices, year after year after year. Of course, inherent in your independence as a business owner is the promise of reaping the rewards of your labor when it’s time to sell your business and retire.
Unfortunately, a vast majority of owners don’t realize, on average, only one out of every 100 small businesses listed for sale actually result in a successful transfer. Of those businesses which do attract a buyer, half of the sales fall apart during the due diligence stage and never close.
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