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1. Why You Want to Sell It

Buyers are always interested in why the seller has chosen to sell a business. They want to know it’s not because the business is in trouble or that something catastrophic has happened. Some people sell for reasons that have nothing to do with their business – maybe they want to move away, or their interests have drastically changed since the business started. Expect to be asked why, and practice putting that answer into clear terms. You’ll want to know what to say, especially if the reasons are personal.

2. What The Actual Profits Are

Don’t make the mistake of believing that revenue is what’s most impressive. If your revenue is large, and your expenses are also large, you aren’t going to be turning that much of a profit. Most buyers are looking for highly profitable opportunities, and revenue means much less to them than what the business actually banks at the end of the month. Update your figures on your profits. If you plan to sell in the future, it may be worth taking small steps to maximize your profits. Your business will appear more attractive when the time comes.

3. How Much The Business is Really Worth

The person buying your business won’t see it for its sentimental value or its potential. Sadly, it won’t matter to them how much time or money you’ve invested into the business. They’re only interested in objective valuations. If your business is based on the internet, it might not be as easy to figure out what it’s worth. If that’s the case, you can use a tool like Digital Exits to get a valuation done.

4. You Have to Be Willing to Tell the Truth

Of course your business isn’t absolutely perfect. No buyer can reasonably expect that they’re getting a great deal on the world’s best business. Make sure you tell any potential buyers where the kinks are. What can be improved? What are the biggest issues you’ve faced in the past? Are there any problems that you haven’t been able to implement a long term solution for? If you hide these things, potential buyers are going to run away. It looks suspicious to dance around the truth – especially when most buyers were already prepared to handle a few little setbacks within your business.

5. When You Should Sell

When you’re already burned out and frustrated, it’s not the best time to sell. You aren’t thinking clearly, and you might actually regret selling your business once you’ve calmed down. You won’t be able to take anything back. Make sure you feel right about selling before you do it. Approach the situation with a clear head and a lot of patience. Selling your business can sometimes be equally as complicated as running it, so you need to make sure you’re selling when the time is right.

Where can you sell a business?

Now you understand the five factors you need to consider before selling your business. You must understand where you can advertise your business for sale. The best way to do this nowadays is to use an online directory of businesses for sale, such as Businesseek. This website allows you to advertise your business for sale for a low fee. Usually, these directory pages will advertise any type of business opportunity, whether it be a franchise, small, large, or medium-sized business for sale. Some websites, including Businesseek, even advertise distressed businesses for sale. This variety helps users find their ideal business opportunity to match their budget.

Don’t be discouraged if your business doesn’t sell right away. These things take time, and you shouldn’t feel pressured to accept an extraordinarily low offer just because you’ve been waiting a while. Just keep your chin up and move along as usual until the sale is completed.

Having background in communications and management, Amber often writes about small business and budding entrepreneurs. When not working, you can find her online chatting with her friends or reading industry blogs. Connect with her on Twitter.

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Now while I don’t know the answer to that question, what I do know is that it doesn’t matter how great your content is, if you don’t have any followers who see it, then that content might as well not exist.

We don’t need any great philosophers to help us with that one. I know this from personal experience, because when I first started writing articles I used to get just 1-2 views, and these were mainly from my wife and mother who were trying to make me feel a bit better.

I think when history looks back on the early part of the 21st century it will equate the rush for people to make an impact on Social Media, with the California Gold Rush.

I say this because as we move into the new economy, the knowledge economy, those that successfully stake a claim and work that claim can strike it rich, and strike it rich very quickly.

Don’t believe me, then just look at Mark Zuckerberg and his co-founders at Facebook, they are the youngest Billionaire ever.

Now while we can’t all be founders of Facebook, we can all look to strike a claim, and make ourselves richer, or have an impact and influence lives for the better.

16th Century English philosopher Francis Bacon coined the phrase “Knowledge is power. ” but in today’s knowledge economy, that phrase has become “Knowledge is Money”.

But to profit from our knowledge we need visibility.

There is no point having great knowledge if we don’t have anyone to share it with. It’s like being the greatest singer in the world, but only singing in the shower.

No one is ever going to know, and we’re never going to achieve our full potential.

To maximize our potential we need to be able to share our knowledge, and one of the best ways to that is to build a tribe who are interested in our niche. People who are looking for the very thing that we want to share.

There are many platforms that we can use to do this on, such as Facebook, Twitter, Instagram, Pinterest, Youtube, etc., etc., and I am sure that there are new ones being developed right now, even as I type this.

There are techniques and tools that can be used to help us to achieve this very quickly; I know from personal experience of having built a following of around 1/2 million followers in just two years.

And if i can do it so can you!

When we can achieve that, it gives us a great opportunity to share our knowledge and influence a great number of people and impact many lives and careers.

If you have great content, you don’t only owe it to yourself, but you owe it to others to share that knowledge, but to do that successfully you need to build a tribe.

Remember if you post great content and you don’t have a following, that content is never going to be seen!

If you want to learn about how to increase visibility by building an insatiable following, then check out our free webinars.

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