5 Things You Need to Do Before Selling Your Company Taking care of a few key matters will help you get the most out of your business.
By Joe Worth •
Opinions expressed by Entrepreneur contributors are their own.
Q: After five, 10, 15 years--what's the best time to sell my company?
A: I wish it were that simple. All I can say for sure is that the best time to sell your company is when you're emotionally ready and your business is valued high enough for you to reach your financial goals.
Still, even founders who believe they're ready to sell rarely are. I've heard from multiple investment banks and M&A firms that of all the business owners they meet with who wish to sell, only 2 or 3 percent are truly ready, and the vast majority of these companies will never be viable candidates for a profitable sale. However, about 20 percent are "nearly" ready.
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