In my role working with entrepreneurs every day, I've seen that two key obstacles emerge during this stage: assessing the true value of your business and determining your role in the business post-sale. With the right combination of reflection and due diligence, you will have the insights you need to move forward successfully.
First, seek expertise from an industry-specific M&A advisor. An M&A advisor will provide guidance and support in assessing the value of your business, negotiating the sale price and preparing for a sale. Leverage your network - your banker may be able to offer recommendations - or consider tapping into a professional association to find an advisor you trust.
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