Selling a business effectively can take years, requiring strategic planning to enhance its value. It's vital to start preparing for the sale as early as possible, ideally from the inception of the business. The sale process involves organizing financials, working with brokers, and improving performance over three to five years to attract potential buyers. It's not a quick transaction, but rather a methodical approach to ensure profitability and market viability, which is crucial for achieving a desirable sale price.
Getting the price you deserve takes years of important actions to raise your company's worth and offer something as attractive as possible to potential buyers.
The ideal starting point for selling your business is really the day you start it. The next best time is today.
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