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Mind Your Business to Sell Your Business

Guest post by: Dan McDevitt

Article Overview: Plan to profit from the sale of your business. The better the plan, the better the profit. The plan to sell your business, and the successful sale of your business, is a team effort. As the business owner, you are the team owner. You have a business to run. As a smart business owner, you want to take care of the business, and have your business intermediary manage and coach the team talent you both assembled. You run the business successfully while the team, with precision and skill, sells the business successfully.

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Mind Your Business to Sell Your Business

Very carefully now, release your business opportunity to the marketplace.

Seek the Best. Acquisition candidates are researched long before any contact is made. The buyer search is domestic and international. The search will include many related market and industry targets. This is a confidential process with an objective of having a competitive sale to your advantage.

Team up. The plan to sell your business, and the successful sale of your business, is a team effort. As the business owner, you are the team owner. You have a business to run. As a smart business owner, you want to take care of the business, and have your business intermediary manage and coach the team talent you both assembled. You run the business successfully while the team, with precision and skill, sells the business successfully.

Know the score. Your intermediary will keep you posted on the steps being taken, and will come to you to review options and decisions. Your role, and each team member's role and contributions are equally important. The first step is you and your intermediary defining the objectives and assembling the team. The next step is arranging your business presentation, while quietly identifying potential buyers. Step by step, your team works its way to the goal.

Play to win. In every season, there is a time for contact. This step favors those who are well prepared. You want to support the selected prospective buyers due diligence with pristine documentation. This is where decisions are made and victories are won. There is a great deal of drill down, detail and challenge in guiding the transaction to closing. Hold your celebration and high fives for the post-season victory dinner. I like mine well done.

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Home > Small-Business-Consulting > Dan McDevitt > Mind Your Business to Sell Your Business >
Article Tags: business owner, smart business, team effort, team owner

About the Author: Dan McDevitt
RSS for Dan's articles - Visit Dan's website

Dan McDevitt is a creative business consultant & intermediary. Experienced in hospitality, management and training, business sales and franchising. He takes a leadership position in helping others, clients and associates, reach their business goals. He has opened and operated several businesses, served in corporate management, marketing and training positions, and is Founder and Director at Marketserve Management & Marketing Studio.  His wife Geri is a nurse, and their cat Romeo is the cat in charge. 

Dan writes articles and web content to help corporate clients and non-profits communicate with stakeholders and spread their message.  He is an award winning author, speaker on leadership and business avancement, and is scheduled to release This British Reverend and Another Business Book in 2010.



Click here to visit Dan's website
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