Just like selling a house, you have to get your business ready to sell. You need to declutter, organize, and put your best foot forward with your financials and a presentation to show who you are, why you do what you do and what makes your business unique.

You need to retain and hire professionals to help you sell your business. Business brokers and investment bankers are well-connected with potential buyers. Part of the process will be to identify your culture and what you really want to accomplish with the sale of your business.

Navigating the sale of your business requires a lot of hard work and patience. You need to be prepared for what due diligence will be like as you answer tons of questions about your business and deliver documentation on pretty much every aspect of your business from operations to human resources.

The entire process of selling your business is to get to closing. There’s a ton of moving parts to get there. Acquisition documents are complex and the schedules for these documents require significant work to develop. There are lots of terms that are native to M&A work that you’ll need to learn.