Solo Entrepreneur: You Can Still Sell Your Business

As a solo entrepreneur, you know that running a company doesn’t have to involve dozens of employees or multiple locations. You might run your business from your laptop at your kitchen table or a small office in the middle of the city, but it’s still your own company!

Many solo entrepreneurs make the mistake of thinking it’s impossible to sell their businesses, but the truth is that you can sell your business with the right help and preparation. Use these tips to earn every dollar you deserve for your business.

Plan Ahead

In most cases, selling a business is not quick. You should expect your sale process to last anywhere from one to four years, depending on your situation. It’s vital that you plan ahead for the sale of your business in order to attract the best buyers and defend a high asking price. (more…)

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How to Choose a Broker to List Your Business

The condition and potential of your company aren’t the only factors that matter when you initiate the process of selling your business. You also need an effective, committed, and strategic business broker to help you make a sale.

The wrong broker will let your business sit on the market for months or years without results. Use the following tips to find the best broker to handle your sale and help you move on with your life.

Choose a Broker With Specialized Experience

Selling a business requires nuance and experience. Even a talented and proven broker could have trouble achieving success in a new industry. In order to increase the speed and price of your sale, select a business broker with a history of experience in your specific industry or niche. This ensures your broker is well-versed in what is needed to sell your restaurant, construction company, or medical practice. (more…)

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Why You Should Never Try to Sell a Business Without an Experienced Business Broker

Selling your own home without a real estate agent is difficult enough, but selling your business without professional help from a certified business broker is an intense and unique challenge. Whether you are beginning the process of selling your restaurant, club, retail store, construction company, or anything in between, working with a business broker is the single most effective way to find legitimate buyers and earn the most in your sale.

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How to Sell Your Restaurant or Bar That Is Losing Money

Owning and running a successful and profitable restaurant or bar is a difficult task. Even popular franchised restaurants and long-established bars experience financial setbacks that threaten their place in the industry. If your restaurant or bar is losing money, selling might be your best option. Just be sure to carefully map out your steps so your sale runs smoothly and secures as much money as possible.

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