Selling a business requires a lot of work, including things like financial analysis, market research and more… Of course you have to start your exit strategy early and clearly understand your motivation. Next you need get your books in order, and you can consider building a mini business plan.
Selling a business requires sales skills. Developing a mini business plan to sell to potential buyers helps them understand your story. It includes all the important aspects of your business in an easy to read one-stop-shop-style experience that answers all the questions that your potential buyer may have. It’s also an opportunity for you to highlight special items that might connect with your buyer’s emotional side, for example, highlighting the employees you have had for the past 20-30 years. A mini-business plan also allows you to explain why you want out of your business. Anything you can do to make the buyer’s decision easier is an asset to have in your back pocket!
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.