Questions for Selling to an Outside Party
When selling their business to an outside party, there are several critical questions that business owners should answer. For instance, do you know:
- Your exact retirement goals and what it will take—in cash—to reach them?
- How much your business is worth today in cash?
- Ways to help maximize the income stream generated by your ownership interest?
- How to sell your business to a third party and pay the least possible taxes?
- How to select the right investment banker?
- The sales process and how to manage each step to maximize the outcome?
- How to avoid the pitfalls of inexperienced sellers?
- The financial strength of the buyer?
- The advantages and disadvantages of the negotiated and auction transactions?

