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Article: How to sell a million dollar business

CNN Money put out a great Q&A article a couple of weeks ago:  How to sell a million dollar business.  If you are planning or hoping to sell your 1-2 million dollar small business in the next 2-3 years, save this to your favorites.  Highlighted topics include:

  • A business broker can be your best ally in selling a business of that size
  • Questions to ask a business broker
  • Business broker fee and service expectations

Due to the overwhelming importance of the sale of a small business, conducting an independent business valuation is of utmost important in the first step to selling:  setting the price right.  Most quality brokers should be able to assist you in preparing for a third-party valuation, serving as a conduit.

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