Selling a business requires a lot of work, including things like financial analysis, market research and more… The first thing is to get started early but before you get started it’s important to understand your motivation for selling your business!
Have a Clear Reason to Sell A Business
If you’ve spent years or even decades building your business, made enough money and want to enjoy retirement, then you’re probably in a good position to sell. However, and unfortunately, too often businesses sell because the owner is burnt out, running low on cash, going through relationship issues or simply bored. It is important to plan your exit strategy in advance and understand the reasons to sell your business. Treating your business like a business which includes the sale or exit from your business will make your decisions easier when the right situation arises for you to sell your business.
About Brightblue Transition Solutions
Located on Vancouver’s North Shore we are the premier business broker in the lower mainland, contact us if you need any help buying or selling a business in the greater Vancouver or lower mainland areas.