Great Business Ideas: Be Prepared for the Sale

Great Ideas for your Small Business: Be Prepared for the Sale

Thousands of small businesses change hands every year, but often not enough money is left in the hands of the seller. I asked David Troob, former chair of the Geneva Companies, an Irvine, California–based mergers and acquisitions firm, to share some advice about preparing your business for sale.

Here are his tips:

In addition to implementing these tips, be sure to work with a competent attorney and accountant. This is not a time to scrimp on professional help.

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