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- Have you made plans for what your monthly income requirements will be for you and your family?
- Have you a plan for how you will spend your time once the business is sold?
- How long are you willing to commit to the new buyer to stick around after they business to help them “learn the ropes?”
- Have you family members working in the business who will be impacted by the sale?
- Do you have the time to screen and “vet” prospective buyers?
- How will you confidentially market your business without disclosing to customers, employees, vendors, lenders that you are trying to sell?
- Is your spouse/partner ready to sell? Do you have a buy-sell agreement?