Choosing to sell your business is a big decision. Deciding how you're going to sell it is even bigger. There are a few different ways you can sell your company, and each one has its drawbacks. There are two important things to keep in mind when selling. One is achieving the greatest return for your business, and the other is continuity.
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As the saying goes, the best two days of a boat owner's life are the day he buys the boat and the day he sells it. Perhaps the same can be said for your business. Thinking about selling your business isn't just a thought that pops into your head one morning. It's a small thought that grows stronger over time. However, you might feel like you’re not quite ready to sell your business, or feel like your business itself isn’t ready for sale. These are questions that complicate the process of selling and make coming to a decision difficult. If you aren't quite ready to have that second 'best day of your life', that's okay. There is another option. You can transition your business instead.
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