This website uses cookies to ensure you have the best experience. Learn more

Tips On How To Sell Your Business

802 words - 3 pages

Having one's own business is a great deal of work. It could get overwhelming to the point that you want to let go. Selling a business is an important event where you have the opportunity to reap financial rewards for your hard work and sacrifice. You need to put just as much preparation into the sale of the business as you did when you started it.

How to Sell Your Business

1. Resolve outstanding problems within the business. Spruce up the place. Dispose useless or outdated inventory and equipment.

2. Get all financial documents up to date and accurate. Be ready with the profit and loss records, balance sheets and tax returns, dating back at least three years. Present other documents the buyer will require during the due diligence phase of the selling process.

3. You may promote the sale through local business organizations or networks. Advertise in local newspapers and regional business magazines or newspapers. Join trade associations. They usually offer members free advertisement placements in their publications. The other members can also spread the word around.

4. If you do not have the experience of selling a business, ask other enterpreneurs to recommend the right business broker for your needs. A professional who makes a living selling businesses can sell your business in a timely manner. It will be less stressful for you. A broker has a network of buyers who are qualified and seriously looking for a business to buy. He or she can match your business to a client for a quick deal, or list your business on the former's website and promote it through his or her network.

5. A business appraiser or expert evaluator can help you come up with a fair and realistic asking price for the business. Among the factors to take into account are the current economic conditions, market trends, the terms of payment, the history of profitability, the company's assets, opportunity for growth, etc. Without professional help, you may inflate the value of the company. Setting a very high price may signal that you are not serious about selling. Consider, too, similar businesses that were sold and how much they were valued. You cannot come up with a figure unless you have all the accurate numbers and information ready. Be realistic about your price expectations.

6. Will your current clientele or customers be...

Find Another Essay On Tips on How to Sell Your Business


845 words - 4 pages fraudulent charges. And while the charges are still in your account while the claims is being processed, they accrue interest. Bankers may suggest to pay for those to avoid interest to accrue and will just refund you once the process is completed. Not a very customer-satisfying idea, but that is how it works. To save you from these inconveniences, let me share some practical tips on how to protect yourself from fraudulent charges on your online

How to write Ads that Sell

757 words - 4 pages How to write Ads that Sell If you have thought about boosting your business to the next level of success, then I would not bypass the advantage of writing killer ads that sell. Advertising in general is salesmanship multiplied one hundred times and as you browse around the search engines such as Google, Bing and Yahoo, it’s incredibly noticeable to be attracted to ads, Ads that proliferate in each corner of the search engines for the sole

How To Get Good Tips

676 words - 3 pages How To Get Good Tips Having been a waitress for two years I've learned many tricks to getting good tips.First, you've got to be friendly. No one wants to go out to eat to have a good time and get stuck with a server who doesn't smile. Smiling is the most important because it makes a great first impression. However, don't be too friendly or your customers will feel attacked and smothered, and that's the last thing you want.Compliments are another

Tips on Dating Your Hotel, Part 2

1452 words - 6 pages letter of the contract. Rather than a confrontational experience, actively seeking to ensure that everyone's needs are met can transform the employees at your facility from 'those guys and gals you ask things of' to fellow members of your event team. At every stage of the process, remind yourself that you are negotiating with your convention committee on behalf of the hotel as much as you are negotiating with the hotel on behalf of your committee

Tips to make your Job Interview Successful

1445 words - 6 pages wearing tells employers a lot about how serious you are about getting the job.4. Be Conscious of Good Interview Etiquette.This list could go on forever - there is literally an endless array of "dos" and "don'ts" for an interview - and not everyone agrees on every aspect of that list. There are, however, some basic "interview etiquette" tips that are important to remember.A. Be on time for your interviewThis is, perhaps, the most important

Tips to Develop Your Kicking Abilities

2229 words - 9 pages possible. The steps given to you will help you develop into being a better kicker and will increase everything. Works Cited "7 Tips for Effective Soccer Shooting." The Active Network, LLC, 2014. Web. 01 May 2014. "Adding Power to Your Soccer Kick." How to Kick a Soccer Ball, 2008-2013. Web. 02 May 2014. "FIELD GOAL KICKING TIPS | Field Goal Kicker Online." Field Goal Kicker Online. Field

How to have Lucid Dreams. Tips on how you can have Lucid Dreams

3621 words - 14 pages Quick TipsFollowing are :--some background information on lucid dreaming-some quick tips on learning how to lucid dream-some tips for maintaining and prolonging your lucid dreams-some info on the MILD techniquesome other random tipzzzzzA lucid dream occurs when you realize that you are dreaming. With practice, you can induce lucid dreams, (LDs), and maintain your lucidity for extended periods. Anything you can do while awake you can do in a

How to Decide on Your Major

937 words - 4 pages Deciding on a major seems like a very tedious task and it always feel like your friends already got their future planned out. Even if you do decide on your major, it is not guaranteed that you will stick with it, because your interest might change. Deciding on your major earlier on can get you prepared to go into that field by taking similar classes or even looking more into it. Deciding on a major is an important process and it involves 3

"Can an Engine Pump the Valves in Your Heart" by Jean Kilbourne. Give an example of how advertising compamies use sex to sell their product

599 words - 2 pages In the essay "Can an Engine Pump the Valves in Your Heart" by Jean Kilbourne, she gives an example of how advertising companies use sex to sell their product. According to Kilbourne, advertisement of a product is more important than the product it self. In this close examination of the message in car advertising, Kilbourne finds much that is strange, distasteful, and even ridiculous. Nowhere is it more evident that advertising encourages us to

How to Launch your Successful Network Marketing Business Online:

707 words - 3 pages selling other product on your site to open other doors of earning opportunities, and that's due to many reasons. First and foremost, regardless how attractive your business is, many of your potential prospects will not join your primary business opportunity for many different reasons. But that doesn't mean to lose them completely. You could offer them other products that teach internet marketing skills for example, or a course that will helps them

How to Build Your Small Business Customer Base

1124 words - 5 pages When you decide to start your own business every person wants it to be successful. When deciding what to offer as a product to consumers a lot of research should be done. You want your product to sell, you want to choose a product that you can give the impression that ‘what would they do without it!’ Most products are developed based on consumer need. If a consumer puts the idea out there that they wish a certain product

Similar Essays

How To Sell Your Writing Essay

820 words - 3 pages writing style is that it has a lot of one thing and none of another. If you go through it again, you’ll notice that it’s got a lot of “boring” written on it and none of what we call “spunk.” On top of that, your reader might not be able to understand you at all. And so, in this issue, we’ll be tackling how to “sell” your writing to your readers. And sell it hard. That said, if you want to be heard, you might as well listen to the people that

How To Buy And Sell On E Bay

2677 words - 11 pages formulate strategy to be increase buyers awareness of the product sold. Objective To achieve the missions mentioned above, several objectives need to be done. The objectives of this start up business are: • Sell a product, which is less value, yet appealing. • Explore how to write the description to increase the spot in the search result page. • Use the two options, auction and buy it now, on selling the product Online Value Proposition OVP is used

Valuable Tips On How To Increase Sales

941 words - 4 pages with the nuances of how to increase sales and eventually improve your profitability and presence in today’s highly competitive market scenario. You may be on the highway of success or the business may be faltering a bit, or you may be going through a very lean phase, here is what you surely need, tips on how to increase sales. Review the Marketing Strategy It is always possible that you get into a routine pattern and very often get so used to it

An Essay On How To Set Up Your Own Business

2028 words - 8 pages internally and with loans. The alternative was a private limited company (ltd.) which would have a larger financial backing and limited liability to the value of shareholding, but in the long-term there is less profit and less control when shareholders come in to the plan as well as high set-up costs. Limited companies also have to pay more tax.NameThe name for the business that I have decided on is Europinia Tours, this conveys the message that