Do you serve your business, or does it serve you?

??Many of us start a business to take control of our time, spend more time with family, or just do the things that were not possible when working for someone else.

A scenario we often see are entrepreneurs that started a business, loved what they did, and then along the way the business took over their lives and they lost the quality time they were trying to achieve. This can cause complacency or just loss of passion and they stop growing the business, which can be detrimental when it is time to exit.

You may have built a business that has given you financial freedom, but after time you began to look at things differently and feel you have a higher purpose in life or just other goals you would like to achieve. It comes down to “What do you want to do with the rest of your life?”

It is never easy to make the decision to sell your business, and most business owners do not know where to start. First thing they ask is if my business is sellable and how much is it worth. There are many things to consider to determine what a business is worth and is it desirable to buyers.

The process of selling is complex and something you should not do alone. You also want to keep the sale confidential, which is almost impossible when trying to sell it yourself.

?Here are the basic steps that Transworld Business Advisors take?to sell a business:

• Analyze business operations, finances, future growth potential and recent trends
• Conduct comprehensive valuation analysis and discuss client’s goals
• Identify best possible price range to drive a competitive and successful sale process
• Identify potential buyers and marketing strategy?
• Prepare preliminary due diligence materials for potential buyers
• Prepare and distribute a confidential one page marketing profile to prospective buyers
• Advisor meetings with logical local strategic buyers
• Present business to Transworld’s global network of thousands of active buyers
• Interested parties execute confidentiality agreements
• Buyers are pre-qualified using Buyer Profiles prior to further diligence
• Control the information flow and organize all necessary diligence materials
• Work directly with buyers, accountants, lawyers, banks and landlords to stream-line diligence process
• Facilitate meetings with qualified buyers and business owners
• Create competition for your business
• Negotiate for you to achieve the best price?
• Arrange closing with all parties

If you have thought about selling, even if it is a couple years down the road, we can help with a valuation of what your business would sell for in the current market or show you ways to improve the salability and how to get a better selling price.

As a Certified Business Intermediary (CBI), Mike Limbers knows what buyers are looking for, he belongs to the largest brokerage net work in the world, Transworld Business Advisors.

?Call today 517-230-1281 or email?[email protected]?for a free consultation.