4 Common Mistakes Business owners make when selling a business, and how to avoid them
Have you ever thought of selling your business?
You should know the 4 common mistakes which many business owners make and knowing these mistakes will help people to learn to avoid them when selling their business.
Importance of knowing these mistakes:
Learning from these mistakes, you can avoid it and make sure that you don’t need a lot of money on the table if you ever decide to sell your business.
The 4 common mistakes are the one’s that we see from time to time and we can have control around just being aware of them and thinking of how to navigate them.
Here are the 4 Mistakes that business owners commonly encounter:
1. Fail to effectively negotiate
2. Fail to prepare Key People
3. Fail to Financially Prepare the Company
4. Fail to Eliminate Deal Killers
Do’s and Don’ts:
-Go it alone
-Get cheap advice
-Fail to Plan
Do: Build a team of high-quality professional experts to provide guidance and counsel
You get ONE Shot, there are NO Do-OVERS
If you want to go deeper on this topic Check out the video to watch what happens.
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