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Preparing to Sell Your Business — Someday Soon

Online Business Prep Prior to Selling Your Business

Let's Start with this Question:

when are you thinking of selling your business:

 within 3-6 months
 within the next 12 months
 within 1-3 years
 within 3-5 years
 don't know — haven't thought about it


About This Guide

Your selection will link you to reference information on preparing the sale of your business either in the near or distant future. The objective of the guide is to help small business owners take the necessary steps to prep their company so that they receive the maximum value for the their business when they sell.

The guide will bullet-point ideas on:

  • strengthening your markets
  • improving your company financials
  • streamlining your operations
  • maximizing your company value
  • presenting properly your company to the buyer

Selling within: 3-6 Months
May we suggest the following references
 

Brief Intro

  • to whom to sell your business
  • some important tips prior to selling
 

Getting Your Financial House In Order

  • reviewing the balance sheet
  • recasting your financials
  • company cash flow position
  • financial projections
 

Pricing Your Company

  • types of "value" buyers
  • pricing your company
  • what buyers and lenders may see
 

What's Needed for the Sale

  • thinking of selling, you have 3 options
  • prepare the sales presentation sheet
  • listing your company
  • present your company to a prospective buyer
  • due diligence
  • closing the deal
 

Using the Novars Group

  • brief overview of the business selling process
  • about our services
  • FAQs

Selling within: the next 12 Months
May we suggest the following references
 

Brief Intro

  • why sell your business (setting your financial goals)
  • to whom to sell your business
  • some important tips prior to selling
 

Understanding Your Markets

  • reviewing your current marketing position
  • analyzing components of your marketing strategy
  • analyzing your competitive position
 

Getting Your Financial House In Order

  • reviewing the income statement
  • reviewing the balance sheet
  • recasting your financials
  • company cash flow position
  • financial projections
 

Pricing Your Company

  • how to measure value
  • types of "value" buyers
  • pricing your company
  • what other want to see
 

What's Needed for the Sale

  • thinking of selling, you have 3 options
  • prepare the sales presentation sheet
  • listing your company
  • present your company to a prospective buyer
  • due diligence
  • closing the deal
 

Using the Novars Group

  • 6-step overview of the business selling process
  • about our services
  • FAQs

Selling within: 1-3 Years
May we suggest the following references
 

Brief Intro

  • why sell your business (setting your financial goals)
  • when to sell your business
  • to whom to sell your business
  • how to prepare your business for sale
  • some important tips prior to selling
 

Understanding Your Markets

  • reviewing your current marketing position
  • analyzing components of your marketing strategy
  • analyzing your competitive position
  • financial projections
 

Market Expansion Opportunities

  • establish your marketing objectives
  • analyze your market position
  • setup your market segmentation
  • review market expansion strategies
  • segment the working components of your strategy
 

Getting Your Financial House In Order

  • reviewing the income statement
  • reviewing the balance sheet
  • recasting your financials
  • company cash flow position
  • financial projections
 

Pricing Your Company

  • how to measure value
  • types of "value" buyers
  • pricing your company
 

What's Needed for the Sale

  • thinking of selling, you have 3 options
  • prepare the sales presentation sheet
  • listing your company
  • present your company to a prospective buyer
  • due diligence
  • closing the deal
 

Using the Novars Group

  • 6-step overview of the business selling process
  • about our services
  • FAQs

Selling within: 3-5 Years
May we suggest the following references
 

Market Expansion Opportunities

  • establish your marketing objectives
  • analyze your market position
  • setup your market segmentation
  • review market expansion strategies
  • segment the working components of your strategy
 

Brief Intro

  • why sell your business (setting your financial goals)
  • when to sell your business
  • to whom to sell your business
  • how to prepare your business for sale
  • some important tips prior to selling
 

Getting Your Financial House In Order

  • reviewing the income statement
  • reviewing the balance sheet
  • recasting your financials
  • company cash flow position
  • financial projections
 

Pricing Your Company

  • how to measure value
  • types of "value" buyers
  • pricing your company
 

Using the Novars Group

  • 6-step overview of the business selling process
  • about our services
  • FAQs

Selling within: Don't Know Yet
 
May we suggest the following references
 

Brief Intro

  • why sell your business (setting your financial goals)
  • when to sell your business
  • to whom to sell your business
  • how to prepare your business for sale
  • some important tips prior to selling
 

Market Expansion Opportunities

  • establish your marketing objectives
  • analyze your market position
  • setup your market segmentation
  • review market expansion strategies
  • segment the working components of your strategy
 

Getting Your Financial House In Order

  • reviewing the income statement
  • reviewing the balance sheet
  • recasting your financials
  • company cash flow position
  • financial projections
 

Pricing Your Company

  • how to measure value
  • types of "value" buyers
  • pricing your company
 

Using the Novars Group

  • 6-step overview of the business selling process
  • about our services
  • FAQs
 

Additional Reading

  • what's needed for the sale