{"id":6101,"date":"2021-02-16T11:45:00","date_gmt":"2021-02-16T11:45:00","guid":{"rendered":"https:\/\/websitedemonow.com\/profitpro\/7-things-to-do-before-signing-the-letter-of-intent-infographic\/"},"modified":"2022-06-08T11:49:30","modified_gmt":"2022-06-08T11:49:30","slug":"7-things-to-do-before-signing-the-letter-of-intent-infographic","status":"publish","type":"post","link":"https:\/\/websitedemonow.com\/profitpro\/7-things-to-do-before-signing-the-letter-of-intent-infographic\/","title":{"rendered":"7 Things To Do Before Signing The Letter Of Intent Infographic"},"content":{"rendered":"

All too often I here from business owners who regret selling their business.\u00a0 Selling a business should be the celebration of building something great, then getting rewarded for it.\u00a0 However, in my experience, that is more rare than common unfortunately.<\/p>\n

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67% Of Business Owners Did No Advance Planning Before Going To Market<\/h2>\n

That is according to the International Business Brokers Association.\u00a0 As I mentioned in my recent article How To Avoid The #1 Biggest Mistake Business Owners Make When Selling<\/a>, it is easy to be taken advantage of.<\/p>\n

All too often the disappointment lies with the price of the business at time of the sale.\u00a0 I have personally seen companies who should have sold for $3 Million sell for $500,000.<\/p>\n

Don’t Sign Letter Of Intent Until You Understand The Value Of Your Business<\/h2>\n

One of problems I see with many business sales is a signature too early in the process.\u00a0 Without a seasoned Executive on your side, you can sign too early and lose out on the real value of your business.<\/p>\n

Business valuation doesn’t need to be complicated and one of those tools you can use is the Value Builder Score.\u00a0 Value Builder can give you an idea on what your business is really worth and compare it to 40,000 other businesses that have participated in the same process. If you would like to learn more, just click on this button.<\/p>\n