6 Mistakes When Selling a Business

[sumaiyakhatun27]

We've compiled some of the most common mistakes business owners make when selling their business.

Insufficient promotion
Lack of investment in advertising, weak marketing and poor presentation lead to the inability to sell the business at the price the owner has set.

Incorrect valuation of the company
If the owner has not previously dealt with selling a business, the company may be overvalued jamaica mobile database or undervalued. If the offer has been on the market for more than 6 months, it may be worth reconsidering the set price.

Lack of financial reporting
Without figures, the sale of the business will stall, since it will be impossible to prove on what basis the actual value of the company was established.

Lack of privacy
If employees do not learn in a timely manner that the company is preparing for sale, business processes may be at risk. As a rule, staff turnover begins, productivity decreases, and subsequently the company is unable to make transactions. It is better to negotiate a sale without involving employees.