| When is it the right time to sell your business?
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When is it the “right” time to sell your business?Obviously the perfect time to sell is when profits are at their peak, sales are growing, the economy is strong, and there is a huge pool of prospective buyers looking for businesses.So if it’s not the perfect time to sell; can it still be the right time?
Earnings drive value.The market value of your business closely follows both the financial performance and bottom line.So if sales and earnings are up it isn’t hard to d
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| Preparing to Sell Your Business
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Preparing to sell your business will increase the value and marketability of your business when you are ready to sell. This is often called developing an Exit Strategy, which sounds complicated, however it actually can be fairly straightforward and easy to implement. Some simple steps to increase the value of your business you can take right now are:
Prepare your books and records: make sure your P&L and tax returns accurately reflect the financial performance of your business and all
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