Selling a business involves planning, valuing, and negotiating the sale. You can consider working with a lawyer, accountant, and broker to help you through the process. 

 

• Create an exit strategy: Consider your personal goals, like retirement, when planning to sell 
• Organize financial records: Gather accounting records and financial statements 
• Document operations: Keep a record of your business's operations
• Prepare for due diligence: Anticipate the buyer's research and analysis of your business

Valuing

• Calculate the value: Your business's value is often based on its profits and turnover

• Consider personal expenses: Smaller businesses may have personal expenses that could affect the sale