Entrepreneur Plus - Short White
For Subscribers

6 Common Pitfalls Small Business Owners Must Avoid When Selling Their Business Entrepreneurs looking to sell their business face a myriad of pitfalls. This informal guide helps navigate these challenges and examines the double-edged sword of post-transition employment and non-compete agreements.

By Chad D. Cummings

Opinions expressed by Entrepreneur contributors are their own.

Selling a business is a monumental decision for any entrepreneur. After years of toiling to build your venture, it's essential to ensure that you receive the best possible return on your investment.

However, in the rush to close a deal, many entrepreneurs fall into traps that can jeopardize the sale or significantly reduce the value of their business. I've compiled a list of several common pitfalls that entrepreneurs must sidestep to ensure a successful sale.

This is a subscriber-only article. Join Entrepreneur+ today for access

Editor's Pick

Related Topics

Business News

Amazon Is Hiring 250,000 Workers Ahead of the Holidays, With Some Making Up to $28 an Hour. Here Are the Roles It's Filling.

The call for new hires includes a mix of full-time, part-time and seasonal employees, reflecting the company's need for a substantial labor force during the busy holiday period.

Employee Experience & Recruiting

7 Keys to Achieving a Balanced Recruitment Strategy

Getting the balance between skills and cultural fit right is more art than science.

Business News

He Won the $2 Billion Powerball Jackpot. Now He's Snatching Up Swanky Homes Across Los Angeles.

Thirty-one-year-old Edwin Castro took his winnings as a lump sum.