Seven Essentials When Preparing to Sell Your Business

Before you put your business up for sale, make sure these seven ducks are in a row to help with a smooth process and transition.

A businesswoman shakes hands with a businessman across a desk in an office.
(Image credit: Getty Images)

Awareness and preparation are critical in understanding the complexities and nuances involved in selling a business. It's a significant decision that requires meticulous planning and strategic considerations.

Whether you're a seasoned entrepreneur or a first-time business owner, preparing to sell your business demands careful attention to detail. Here, I outline the seven essentials to consider when embarking on this transformative journey.

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Dennis D. Coughlin, CFP, AIF
Partner, CG Capital

Dennis D. Coughlin, CFP, AIF, co-founded CG Capital with Christopher C. Giambrone in 1999. He has been in practice since 1996 and works with individuals nearing retirement and those whom have already retired. Proud of his humble upbringing, Dennis shares his advice with the same core principles that he was raised with. When not in the office, you will find him with his family enjoying the outdoors.