This video is about how to sell a small business. I’ve built and sold 5 small businesses in the past and in this video I give you the very best tips that I have to help you sell your business.
#howtosell #sellbusiness #sellingtips
If you’re looking to sell a small business then DON’T USE AN AGENT, unless it’s a complete last resort and you’ve tried all other methods first. My experience is that agents who sell businesses tie customers into very harsh contracts which will severely limit you selling your business independently.
Before you consider selling a small business you need to make sure that your business looks as best as it possibly can. Hire a brand consultant to come in and make sure that your website, logo, website copy are all on brand with your company’s core values. Do NOT do this step on your own unless you have experience with branding in the past, I’ve seen many business owners who thought they knew how to do this and the only one who did was an actual brand consultant.
Once you have completed this step then you need to get your small business out there.
Push it on social media, tell your friends and family that you’re selling it. I sold my first small business by word of mouth, from a friend of mine who I never would have thought would have been interested in my business.
I also suggest putting the small business on eBay, but put a note in the item description that the seller should contact you DIRECTLY in order to complete the sale. Unless you’re dealing with a micro business (worth less than $1000), you do NOT want to complete the sale through eBay.
I recommend eBay for selling a small business because it has a strong adword campaign set up, whereby if someone searches on the web for your type of business then more than likely they will see it via one of eBay’s Google Ads.
I hope this video on how to sell a small business is helpful, I welcome any comments in the comment section below.
Please note that I’ve only run small to medium size businesses. If you run a large business (with 50+ employees) then this video may not be the best for you.
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