Why You Need to Plan Ahead to Sell Your Business

When is the best time to start planning to sell your business?

Chris Snider, CEPA, CEO of the Exit Planning Institute, says you should always be ready to exit, so if you haven't started planning, there's no better time than now.

Only 20 percent of the businesses that go to market result in a sale, Snider said, so business owners should educate themselves on the process and common pitfalls. Then, they can strategize how to improve their positions, if needed, before trying to exit and transition to the next chapter of their lives.

This was just a nugget of the advice that Snider shared during a three-part webinar series produced by Sunbelt Business Advisors, Northwestern Mutual, and the Exit Planning Institute. Recordings of the webinar are available on Sunbelt Business Advisors' YouTube channel.

The webinar also highlights why you should work with professionals like Business Broker Tony Bodway and the rest of the team at Sunbelt Business Advisors to help you sell your business. They can give you a realistic look at your business' value and weaknesses, help you prepare to market your business, and help you navigate the due diligence process. They also understand how important it is for many business owners to maintain confidentiality.

Here's a look at how the owner of TC Services in Minnesota decided to partner with Sunbelt:

You'll have a whole team of experienced professionals working to find qualified buyers who can pay what your business is worth. In fact, Sunbelt is the only business broker that guarantees you’ll have ten buyer leads within 90 days of listing.

In Central Minnesota, Business Broker Tony Bodway is now available to help business owners pursue the same success he found. On top of holding management positions in real estate and insurance sales, Bodway has owned and sold several of his own companies, including an independent insurance agency, an equipment rental business, an auto dealership with mechanic service, laundromats, and mini-storage facilities.

To learn more about Sunbelt's process and get a free Value-Range Assessment, visit sunbeltmidwest.com.

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