Are You Prepared To Sell Your Business

Tip #8 – Document Your Business Systems
Each week we will give you one of our top 10 tips on how to prepare your business for sale.

Create/document your business systems – Before selling your business, you need to do a complete “brain dump” of all the tribal knowledge and special tricks that makes the business tick. Without this, the buyer will not have confidence in his/her ability to take over and run the business successfully.

Vendors, customers, past purchases, pricing, manufacturing processes, inventory management are all examples of processes that need to be well documented for the buyer to be able to effectively run the business. Well documented business systems will also increase the attractiveness and value to the buyer.

Come back next week for Tip # 9 on how to prepare your business for sale. Have a look at our  Website   for further information about how Alamo Brokers of Texas can help you sell your business

Alamo Brokers of Texas specializes in solving our client's unique needs and add value to the asset. We bring together an assembly of complementary resources and experience that make us one of the most versatile boutique business and property brokers in Texas.

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