Planning to sell your business to a third party? It’s best to start preparing early

Early preparation is critical to the success of any sales transaction. If you expect a future transaction, you should take steps to prepare not only your business but also yourself as a business owner. This planning process can help you think like a buyer and make any necessary corrections to maximize the value of the business — well in advance of a sale. Below are five factors to consider when preparing to sell your business to a third party. Understanding your financial goals helps you...