Tip #99: Is your business ready to sell?

“I’m totally ready to sell, but my business isn’t!”

Owning a business is usually a very big part of the owner’s life. But over time, managing the business can take a toll on the owner. There are so many issues to take care of — employees, customers, products, services, equipment, leases, etc. And decreasing energy level can make it even harder to cope.

Even though most business owners know they will exit their business one day, many don’t do the planning necessary to create the maximum value to sell.

And when they are ready, it may be too late.

copyright: Michael H.Marks

Read more: 75% of owners are ready for their exits, but their businesses aren’t.