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I want to sell my business

I want to sell my business – what now?

Selling a business is not something you do every day, in fact it could well be something you do only once in life. It is therefore understandable that you may be confused as to your next steps once you have made the decision to sell up and move on. There is much to think about, and it goes without saying that any decisions you make at this stage should be considered carefully. As an initial step you need to decide on your expectations when it comes to price, and whether you are working towards any specific time scales for completion.

One of the crucial decisions at this early stage is whether you are going to employ the services of a business adviser to help facilitate the sale, or whether you are going to go it alone. While it is perfectly possible to organize the sale of your business yourself, before going down this route you should be aware of the complexity of the process and the obstacles you could encounter along the way. Selling a business is rarely a quick and easy process, so should you opt for the solo option, you should be prepared to dedicate a significant amount of time to getting the deal over the line.

As selling your business is something which is vitally important to get right, you may instead wish to consider enlisting the help of a business adviser. An adviser can help you when it comes to setting a realistic selling price, negotiating with potential buyers, and dealing with the legal aspects of the sale.

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