Vital elements of a successful business sale

01/16/2013 | New York Times (tiered subscription model), The

Many business owners have made mistakes when selling their companies, so it's important to learn from their experiences, Josh Patrick of Stage 2 Planning Partners writes. Assemble a knowledgeable team of advisers when selling your company, think about what you will do once you're no longer a business owner and assess your personal financial situation, he recommends. "One of the most common reasons seller's remorse exists is that sellers often find out that they didn't end up with enough money to reach their goals," he warns.

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