Virtual Entrepreneur

Michael B. Ribet:

We often spend the least attention on the decisions that affect us most. Entrepreneurs pour heart and soul into building a business, often with the unexamined belief that the right exit will be bestowed on us as a reward for our hard work. On the other hand, seasoned successful CEO’s will tell you that planning for the exit is absolutely key to achieving financial success. The most important questions to ask before selling your business are:

1. When is the right time to sell the business?

2. What steps are necessary to prepare the company for sale?

3. What role do I want to play after the sale?

4. Who are the potential buyers?

5. Where should I go for help in selling the business?

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