When selling your business, you have two options:
- Sell your business yourself
- Hire an advisor
While it’s possible to successfully sell your business on your own, hiring an M&A Advisor often guarantees a quick and painless sale.
Unlike many small business owners, M&A advisors have years of experience in selling small and medium-sized businesses. They know what works and what doesn’t, making them extremely helpful when handling tasks such as business valuation, advertising or marketing, prospect interviews, negotiation, due diligence, and other critical aspects of the sale.
Hiring an advisor also allows you, the owner, to focus on running the business and increasing its value while the advisor handles the details of the complex transaction.
When you decide to hire an advisor, make sure you properly vet your options, as having a quality intermediary can mean the difference between a successful business exit and a long and costly sale, or no sale.
Whether you are choosing a new broker or deciding if your current broker is right for your upcoming sale, here are six key areas you should address.
Topics: Stony Hill Advisors, Hire an M&A Advisor
