Part -5…Five MORE Things to Consider When Selling Your Business

It is often said: “Timing is everything”.  Timing is also the most likely reason that a business sale may fail.  As a potential sale drags on, the business owner is left in an uncomfortable state.  Why? Mostly because of lack of planning; business owners must prepare themselves – here are five more things to you exit planning list:

1.       Sell excess inventory/write-off obsolete inventory

2.       Collect aging accounts receivable and make them current

3.       Remove unnecessary family expenses

4.       Understand the “net” after the sale proceeds

5.       Create a control plan for quality control