More Than Lipstick – Getting Your Business Saleable

To get you started, consider a recent Forbes article titled “10 Simple Tips To Make Your Business Acquirable.“

The problem shared by most sales is that a business is only valuable if it is “acquirable.” The 10 tips largely speak for themselves, but you will want to read the description of each in the original article.

Here they are:

1. Check Your Ego
2. Be Irrelevant [aka, do not personally be the “value” to the business]
3. Become Known
4. Develop Great Systems
5. Clean Up the Financials
6. Make a Profit
7. Develop Reasonable Expectations
8. Focus on Continuity
9. Be Transparent
10. Maintain Perspective

Remember: selling the business is crucial to your own retirement and the future of your family. Approach the process realistically and early.