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The Tricky Business of Knowing When to Sell

If you’ve established an online business in the hopes of one day selling it to gain a profit, timing is everything. Selling too soon could mean missing out on your business’ peak, robbing you of both sales and the opportunity to gain a high selling price. Waiting too long could mean having to settle for a lower selling price than you had hoped to receive. So how do you know when the time is right to initiate the sales process? Here are some things that you have to consider: Sales – Prospective buyers want to see evidence of a steady [...]

Importance of Accurate Financials When Selling Your Business

When you’re preparing to sell your Internet business, you’ll have a number of things to consider and do. As you develop your exit strategy, one thing that you simply can’t afford to neglect is preparing accurate financial statements. While you can tell prospective buyers about your success, your financial statements are the proof that buying your website is a lucrative business opportunity, so you simply can’t underestimate their importance. Problems with the accuracy of financial statements can jeopardize any deal by: Ruining buyer trust – If a buyer believes that you intentionally withheld or falsified information, he or she may [...]

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