Preparing Your Online Business for Sale

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are you looking to sell your online business whether it’s because you have reached retirement age or you’ve decided to try something new there are many things that you need to do to ensure your company is ready for sale the first thing you should do is ensure your online business is ready for sale is obtaining a realistic idea of what your business is worth you can obtain an assessment of your company’s worth by having a valuation developed by an internet business broker from there take these following steps first get your books in order buyers usually like to see financial statements for at least three years this is the most important step in the process next make sure you have a clear understanding of your true profitability in addition provide clear documentation of all expenses including vendor contracts and leases third document company policies and procedures ideally you should create an operations manual that will help the incoming owner know exactly how to best run the company lastly prepare for the sale once you’ve gone through all the necessary steps to sell your online business make sure you have a strong advisory team in place your advisory team should include a CPA an attorney and an online business broker these advisors will guide you during every step of the sale the online business broker is a critical coordinating member of your advisory team there can sometimes be strong tension between the buyer and seller during the sales process the online business broker has been through the process many times and has the ability to effectively set expectations and manage the sales process acquisitions direct is an internet business broker specializing in online business acquisitions and divestments for more information about selling your business visit the acquisitions direct.com website