Apr 12, 2022
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For example, many prospective buyers want to see Buy Email List books and records that have been prepared according to generally accepted accounting principles (GAAP), which most small businesses do not routinely use. The process of converting Buy Email List a business's books to GAAP can be a significant undertaking, so if this is a concern, it should be Buy Email List addressed early in the process. Finally, don't neglect personal preparation for letting your business go. Create or revisit your personal financial Buy Email List plan. Try to work out several scenarios for the sale to see how it will affect your short-term and long-term goals. For some business owners, especially founders, letting go of a business can also have Buy Email List an emotional component. Know what you plan to do next and accept that the new owners Buy Email List will change your business once you are gone. Both you and your business will begin new chapters after the sale closes. The Sale The process of selling a business Buy Email List can be protracted. Once you begin, prepare yourself for the sale to take six to 12 Buy Email List months, though, obviously, this timeline can vary. To make your business more attractive, consider improving assets, cleaning up potential liabilities and generally taking care to make your Buy Email List business look its best.