You’ve devoted untold time, money and energy to building and running your business. It may well represent your life’s work and net worth. Now you’ve decided that it is finally the right time to sell. Here are eight things you should know.
1. Financially, You May Be Better Off Keeping Your Business
Buyers buy businesses for the income they can receive. They look at past profit performance to predict the future and then pay a price that will allow a fair, risk-adjusted return. Small businesses sell for three to five times …