7 Deadly Sins of Selling a Business

Many business owners are individuals who have started or acquired a business. Most of these business owners have considered or will consider at some point an exit strategy in order to retire, achieve liquidity to pursue other business ventures, etc. Exit planning may be part of the business owner’s overall strategy of acquiring, growing the business, increasing its value, and then exiting the business through a merger or acquisition. Throughout the process of buying, owning, and selling a business, the owner will generally rely on the experience and advice provided by professionals such as legal counsel, accountants, financial advisors, and management advisors. Continue reading