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Thing's to Consider when Selling your Business - Part 1

There are a number thing's to consider before selling your business. In this article we will discuss the following: Price Be wary of ?rules of thumb? of valuation, as homogeneity across similar businesses, rarely exists. All businesses are unique in their own way, due to location, management, staff, local demographics, just to mention a few factors. You may be guided by your broker, your own personal research of similar businesses, or a professional adviser, to determine in what range the value of your business falls. To support your asking price, your purchaser will be looking for r...