mistakes to avoid when selling your business checklist

Common Mistakes To Avoid When Exiting A Business – Preview

Posted on September 13, 2013 · Posted in Blog

We know from years of experience that successfully exiting a business is almost never easy; and given the wrong mix of characteristics, it can be next to impossible.

Working with numerous small business owners revealed frequent stumbling blocks simply based on unrealistic expectations, lack of proper preparation, misinformation and more. Certainly there are factors that you will have little to no control over, but there are dozens of steps you can take to increase your chances of a successful and more gratifying exit.

The following list of the top 10 mistakes to avoid was featured on entrepenuer.com:

checklist, mistakes to avoid when selling your business

  1. Insufficient Preparation
  2. Overconfidence
  3. Unwillingness to Leverage Professionals
  4. Taking a Hands-Off Approach
  5. Failure to Pre-Qualify Buyers
  6. Misrepresentation
  7. Pricing Problems
  8. Only Entertaining All-Cash Offers
  9. Breaching Confidentiality
  10. Failure to Address Transition Issues

Throughout this series of posts we will touch on these mistakes, along with some of our own, to help you drastically improve your chances of a successful exit.