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No one ever said selling a business was predictable. However, the truth of the matter is that every sale is different. Even the reasons behind a business owner deciding to sell his or her business vary tremendously. If you are getting ready to sell, it’s important to be aware of the various aspects that could catch you off-guard. If you are prepared for the unexpected, you’ll be mentally ready for the sales process, which often does not go as planned.

There have been countless instances when someone has gone into business with a relative or close friend and made the mistake of skipping a formal agreement. No matter how good a friend may be, you will always want to get the terms of the partnership in writing. A partnership agreement is a vitally important document that is designed to protect all parties. It will reduce the possibility for disagreements or misunderstandings down the line. When you make sure you have

You’ve decided to sell a business. Your next step is to hire a business broker who knows your industry, and who can help you set realistic expectations as you move through the sale process. One of the most important aspects of this sale will be getting an accurate valuation. If you’re hoping to increase business value, or you’ve already gotten a business valuation that was disappointing, take heart. There are still some things you can do to generate extra value