6 Common Pitfalls Small Business Owners Must Avoid When Selling Their BusinessEntrepreneurs looking to sell their business face a myriad of pitfalls. This informal guide helps navigate these challenges and examines the double-edged sword of post-transition employment and non-compete agreements.
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Selling a business is a monumental decision for any entrepreneur. After years of toiling to build your venture, it's essential to ensure that you receive the best possiblereturn on your investment.
However, in the rush to close a deal, many entrepreneurs fall into traps that can jeopardize the sale or significantly reduce the value of their business. I've compiled a list of severalcommon pitfallsthat entrepreneurs must sidestep to ensure a successful sale.