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If you’re like most owners, you’ve invested much of yourself into your business. Inevitably, you’ll need to walk away one day to embark on the next chapter of your life. Business owners often transfer the reins to a family member. Here are five key factors to weigh if you hope to transfer ownership to a family member. Know the Benefits of Gifting Do you intend to sell a business to a family member, or to give it as a gift?

Selling your business is selling your dream. You’ve worked hard for years, putting in dedication and persistence. So finding a buyer can be an emotionally fraught undertaking. It’s also time-consuming. One option for opening access to a larger pool of potential buyers is to retain a business broker. A business broker is a lot like a real estate agent. They’re match-makers who bring together sellers and buyers. The right broker is a valuable partner for achieving the highest possible sale

Most owners of businesses have little to no experience selling a business. This can create significant imbalance when business owners put their business on the market, and must negotiate with buyers who have ample experience buying businesses. So what are some strategies for successfully finding the right acquirer? Get the Right Help Don’t make the mistake that so many businesses make. Business owners are often DIY type. So they want to manage the sale on their own business, too. But