A recent op-ed from CNBC entitled “How to sell your business and retire during the coronavirus pandemic” discusses what business owners that would like to sell are facing and how they can position themselves for a successful sale.

The Coronavirus pandemic has put businesses in a variety of positions. Some essential businesses have seen an increase in sales, resulting in increased value and demand. On the other end of the spectrum, some businesses have been forced to drastically reduce their operations and must make a plan to reopen and position for a sale.

The author, an experienced business broker, offers the following recommendations to prepare for a sale in the next year or two:

• Get clear on your overall goals
• Clean up your financial practices
• Identify risk factors that could derail a sale
• Battle-test your operations

Click here to read the full article.