I sold my digital agency to a global company. Here are 5 things I wish I'd known about the process (via entrepreneur)
Learn what your role would be, and decide whether to stay.The last step of preparing your company for sale is learning what your role will be after you sign on the dotted line. Regardless of whether or not you remain at the company after the sale, your role will not be the same. If this is the decision you and the new owners have come to, take the time to learn exactly what your new responsibilities will look like and reconcile the differences.
If this is the case with you, I recommend reminding yourself of all the objectives you achieved, such as certain growth indicators, revenue achievements, and even the simple fact that you are selling your company. Relish in your feats, prepare yourself for a change in power, then take some time off to rest and brainstorm your next entrepreneurial idea.All in all, the process of successfully selling a company is different for every business owner.
But luckily, by following the steps below, you'll be sure to cultivate a highly-organized business that operates smoothly and efficiently.Understand when might be a good time to sellAnd those elements will be the key to discovering the best buyer who can take your brand to an even higher level of success.
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