Selling a business is arguably one of the most important and difficult events in a business owner’s career. Because of the magnitude of the event, the sale of a business needs to progress as smoothly as possible to ensure a successful business transfer. The business transfer process is often made more complex and arduous because the parties do not understand the steps and psychology involved. We believe this book will lay the foundation necessary to guide you through the business transfer process.
Essentially, the book is written as a quick reference guide for owners contemplating selling their business. We have written this book free of in-depth financial analysis and industry or legal jargon. It is designed as a general guide in business transfer to enable an owner to obtain a basic understanding of the process and to avoid the most common mistakes.
The book is divided into the major phases of business transfer. The greatest benefit can be derived by treating it simply as a reference guide to be read before you consider selling a business and then again throughout the business transfer process. After reading this book you should be able to ask informed questions of all the players involved. This book identifies the documents needed, the key players involved and the major pitfalls to avoid regarding a business transfer. It is specifically designed to target small businesses.