Wednesday, January 26, 2011

Selling Your Business: 4 Essential Keys in Mind

Here are a few things to consider when you plan to sell your business:
1. Keep everything organized and ready, right from the infrastructure to the financial records. Keep the premises spic and span and the inventory full to draw potential customers.
2. Selling a business doesn't only mean physical assets but includes trademarks, goodwill, client list and so on, hence, determine whether you want to sell everything in the corporation or not.
3. Join a CEO peer group to get the best ways of practical guidance, especially if you do not get the right kind of support or honest opinions in your own organization.
4. Drafting an exit planning strategy is not as easy as it appears to be, therefore, it is always a good idea to become part of a CEO peer group which can assist you in effectively carrying out an exit plan.
(source: http://www.sooperarticles.com/business-articles/strategic-management-articles/thinking-selling-business-keep-4-essential-keys-mind-279774.html)

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