Planning guides for the successful entrepreneur
How to Sell Your Business
Before embarking on the process to sell your company, you should start by answering some basic questions about why you are selling. What are your goals?
Due diligence serves two principal functions. First, it is the process by which a buyer evaluates a seller’s business to confirm the buyer’s assumptions about the business. Second, due diligence is used to set up the integration of the seller’s business following the closing of the transaction.
There are several different ways to define and assess risk in a business. For example, insurance companies assess the likelihood that a potential company will have a future claim for an accident or workers’ compensation claim in order to determine what premium to charge that company for providing insurance.
They each have different characteristics, desires, processes, and financing capabilities. Savvy sellers understand these differences and target them accordingly.
Business valuation is exactly what it sounds like – the process of valuing a business. In most cases, this refers to private businesses. An entire profession has been developed in the last 40 years to focus on the blend of art and science required to value a business.
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