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When you decide to put the “for sale” sign on your business, how long should it take to hand everything over to a new owner and start counting your profit? Don’t get discouraged when I tell you it will take years — or should.
It doesn’t mean the market is down or your business isn’t desirable. 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. It’s not a single transaction but a multi-year plan that’s an integral phase of your business strategy.
The ideal starting point
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