Exit plan. Don’t even think about selling your business unless you have an exit plan in place. It’s important that you know what’s next after you sell your business.
Get a business valuation. Although, you might have an idea about the value of the Business brokers online, you will not have a feel for what buyers are paying for businesses like yours. Getting a third-party valuation will aid you in establishing a fair market price and getting your business sold. Sadly, the reason most businesses do not sell, is because they are overpriced.
Making your business ready for a sale: This not only involves making your premises looking good but also your numbers in your balance sheet or profit & loss accounts.
Do your homework and know the answers to obvious questions like these. If you are asked a question that you are not sure of the answer, do not guess but state you will get the answer as soon as possible.
Finding potential buyers. Should you opt not to hire a business broker, you can go ahead and find your potential buyers. Doing this is relatively easy especially if you have background in selling. Do your research and identify those people who are most likely to get interested to buy your business. You can call them up or send them a proposal through email. The good thing about doing this task on your own is that you are more effective compare to business broker as you know your business on a deeper level. That means, you can give your potential buyers all the information that they need that can influence their buying decision.
The normal action of sellers, in this situation, is to require that the buyer take the business based on the recorded records and guess as to how profitable the place really is. This is a very difficult situation for the brokers and buyers, since sellers do not price their business based on these reported numbers but base their price on the real numbers.
If you have one picture on your homepage, try to change it several times during the year on a rotating basis. Depending on the traffic, you might want to change that picture as often as weekly.