If you are interested in selling your business, start
getting the word out early. Let your management and
marketing savvy be known.
In fact, many businesses are started for the sole purpose
of growing it to sell for a handsome profit.
As you grow your business form an Advisory Board (your team).
Select other business owners or retired executives with
experience in your field. Use their expertise to help develop
and implement your business plan. Formal board meetings are
not necessary as you can consult with each board member on an
individual basis.
Public companies publish annual reports for shareholders
and other interested parties. Private enterprises can do
likewise.
Compile a database of business owners and executives who
might be interested in your research and developments (R&D).
Follow that old cliche, 'If you got it...flaunt it!'
Publicize long range goals and profit forecasts.
- Create sponsorship programs.
- Support community goodwill functions and
invite news reporters.
- Join business association and network.
There`s always companies out there looking to acquire other
profitable enterprises. One or more may be interest in buying
your business long before you put out the 'Business For Sell'
sign.
About the Author
Robert Wardrick is the founder of http://capcitymall.com and
PB-Post Newsletter (Sample issue via Autoresponder
mailto:pbpost@sendfree.com) Contact;mailto:robert@capcitymall.com