The Four Worst Mistakes to Make When Selling Your Business
Summary
In a recent article, Kiplinger identifies four critical mistakes to avoid when selling your business. First, delaying the sale can lead to unforeseen circumstances like disability or death, which may force an unplanned exit. Second, assuming you know the ideal buyer can limit opportunities, considering a broad range of potential purchasers is essential. Third, neglecting to explore various sale types, such as Employee Stock Ownership Plans (ESOPs) or management buyouts, can result in missed advantages. Finally, failing to plan for life after the sale can leave you unprepared for the transition. Proactive planning in these areas ensures a smoother and more successful business sale.
Kiplinger
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