Selling your business can be the most life-changing transformative event of your life, both as the buyer and the seller. Learn more about how to sell your business for the most value effectively. 

Create a thorough plan to transfer ownership, sell, or close your business. Get qualified advice and know what to do to tie up loose ends.

After careful consideration, you may decide to sell your business. Sound planning can help ensure you cover all your bases.

Use business valuation to set a monetary value before marketing to prospective buyers. You can do a self-evaluation and learn more about the resources needed for business valuation appraisals from The Appraisal Foundation.

Accurately value all property and real estate tied to your small business. This can include intangible assets like brand presence, intellectual property, customer information, and projection of future revenue.

When you’re figuring out how much your business is worth, consider these common valuation methods:

Income approach. Looks at projected revenue and accounts for potential risks.

Market approach. Compares your business to other similar businesses that have recently sold.

Assets approach. Subtracts total business liabilities from the total value of all assets.

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