The Two-Minute Guide to Selling Your Small Business
When you own a business, one very real option that may arise is that someone will be interested in buying it. In some cases, businesses are set up with the goal of selling it in mind. For others, it may come out of the blue but still be of interest.
There are many reasons that people consider selling their business. They may want to raise capital in order to start a new venture, or they may feel that the company could grow to much higher feats in the hands of someone else. There’s also the attractive prospect of being able to sell your business and live comfortably for the rest of your life, spending time doing the things you hadn’t time to do before.
In fact, website flipping is becoming a specific area in which people build online businesses, specifically for the purpose of selling them. They’ll even look for existing websites that they can buy for cheap, spend several months building the brand, visitors and monetising them properly, before selling them on – often at a hefty profit!
What ever the reason, if you have a small business it’s good to keep in mind that selling it, is always a possibility and you should know exactly what is involved so you don;t get caught unawares.
Intuit have put together this guide to bring you through exactly what you need to know if you’re considering selling your small business. It brings you through everything from prepping the business, marketing the sale and getting the best deal. It’s worth a look if you’re a business owner and even though the thoughts of selling a business might feel to some like losing a limb, you never know how you’ll feel about it further down the road.
This infographic is courtesy of Intuit.