September 25, 2014

Want to sell your business? Start prepping now.

Selling a company requires more preparation than some business owners might think. In an article for Entrepreneur, contributor Brad Sugars encourages potential sellers to start preparing a year before they intend to pass the baton.

Why so early?

"If you actually take the time to prepare your company for a sale, you'll more than likely jump to the top of a buyers' short list, simply because most sellers don't do the proper 'prep work' to make the sales process easy and transparent," he writes.

Sugars offers the following advice on setting your business up for a smooth and lucrative sale.

Preparing to sell your company is a long and involved process, but you don't have to do it alone. Working with an M&A advisor will greatly improve your chances of striking the most profitable deal possible.