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6 Steps for selling your business
6 Steps for selling your business 150 150 Business Brokers
  • Determine the value of your business …
  • Clean up your business financials. …
  • Prepare your exit strategy in advance. …
  • Boost your sales. …
  • Pre-qualify your buyers. …
  • Get business contracts in order.
How do you sell a struggling business?
How do you sell a struggling business? 150 150 Business Brokers

Getting a Failing Business on the Market

  • Clear Litigation and Large Debts. This is a crucial first step …
  • Identify Why Buyers Might be Interested. …
  • Be Honest and Open. …
  • Consider Separating Assets. … sell off parts or units of the business separately
  • Be Patient.
What is the business worth?
What is the business worth? 150 150 Business Brokers

Add up the value of everything the business owns, including all equipment and inventory. Subtract any debts or liabilities. The value of the business’s balance sheet is at least a starting point for determining the business’s worth. But the business is probably worth a lot more than its net assets due to goodwill. Business goodwill is an intangible asset owned by and associated with the operation of a company. The goodwill of a company increases its value, as qualities such as the company’s customer base, its brands, products, location, workforce, and reputation demonstrate the company’s proven track record of generating income.

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