Very often, people will make mistakes when selling their business that can ultimately be detrimental to a sale. By avoiding these mistakes, you increase your chances of closing a profitable sale successfully. One mistake to avoid is neglecting minor issues. Every business has problems, and not every problem can be solved. However, if there is something in your business that you know can be fixed, do your best to fix it before you sell.
These issues may seem small and unimportant, but a large number of them can breed uncertainty in a buyer, thus decreasing your chances of a quick and profitable sale. Another common mistake is sellers’ inability to distance themselves from their business. This is sometimes necessary to ensure that the seller has a realistic idea of what their business stands to offer to a buyer. Bringing in a third party to assess the value of your business is a good way to create some distance between yourself and your soon-to-be-sold business. For more information on closing a successful sale, transportation related or otherwise, visit thetenneygroup.com.