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Session 14: Selling your business

Session Quiz

  1. The percentage of businesses sold for all cash is:
    2.

  2. How many years of audited accounting should you have?

  3. It is not a good idea to disclose what inventory is obsolete.

  4. Who is the best advisor to recommend whether to include the real estate?

  5. Taxes owed by the seller will be the same regardless of the structuring of the sale.

  6. The CPA is important because they:

  7. Your competitors are not good prospects for buying your business.

  8. Your business broker should be responsible for locating prospective buyers.

  9. Goodwill can be a factor in establishing the selling price.

  10. What is the most common mistake people make when selling their business?

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spacer Deciding on a business | The business plan | Home based businesses | Financing the business | Business organization | Licenses and permits | Business insurance | Communication tools | Buying a business or franchise | Location and leasing | Accounting and cash flow | E-Commerce | Opening and marketing | Managing employees | Expanding and handling problems

Getting financial controls in place | Getting your team in place | Customer feedback | Achieving lowest expenses | Develop negotiating skills | Alternatives for capital allocation | E-commerce | Growth by duplication | Vertical integration | Franchising your business | Global expansion | Buying businesses | Public ownership | Selling your business | Considerations for family succession

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