Why would someone buy your business?

Anyone selling a business could do worse than taking a look at this infographic from ContactMe. Although the design is basic and quite text heavy the content is great at pointing out what you need to consider and the associated costs and benefits at each stage of the sale process.

In 2010 the median business selling price was $150k, a drop of 6.3% from the 2009 figure of $160.

What’s interesting is that buyers prefer buying businesses that are already profitable and have clearly spelled out operating procedures, reinforcing the value of having clear processes and methodologies within your organisation.

Infographic source: http://www.contactme.com

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