About Small Business Info: Why You Must Sell Your Business By the End of 2009

Small Business Info In the Spotlight | More Topics |   from Darrell Zahorsky For any business owner considering selling their business to fund retirement or to get out of the business for personal reasons, you need to consider the work of Harry Dent Jr. He is a Harvard MBA who applies demographic analysis to economic forecasting. His methodology predicted the boom of the 1990's. I was re-reading his book, "The Great Boom Ahead" and was struck by Dent's prediction of the mother of all depressions to come around 2010. What is amazing about the prediction is he wrote it over 15 years ago! Dent's newest book, "The Great Depression Ahead" advises those who are considering retiring in the near future to sell their business by mid to later 2009. Waiting it out to see the market turn around can result in a dramatic drop in your business valuation. Pick up Harry Dent's book for more information. A must read for all business owners.   In the Spotlight 8 Tips for Finding the Best Business Broker Selling your business for the highest price is the result of years of dedication and persistence. Finding buyers for your business sale can be difficult if you aren't in a hot industry or lack unsolicited offers. An option to gain access to a larger pool of buyers is to consider a business broker.              More Topics Selling A Business: What You Put In is What You Get Out Handing Over the Family Business? Never Too Early Selling Your Business Nest Egg 5 Mistakes to Avoid When Selling Your Small Business Succession Planning Is It Time To Downsize Your Business? Valuating Your Business for Sale The Four Ds of a Business Exit Strategy "Begin with the end in mind," says Stephen Covey in his book,"The Seven Habits of Successful Living." Those who have created a successful business know it does not happen without planning, hard work, and a little luck. Yet most have no exit plan for leaving their business. The truth is that most business relationships do not have happy endings. To have a successful business, you must plan for all four D's of a business exit strategy.   Before You Sell Your Company, Conduct a Business Valuation If you're preparing to sell your business, you'll first need to know how much your company is worth by conducting a business valuation. It will give you, your investors and potential buyers a good idea of what your business's value is by looking at both tangible assets like real estate and cash, as well as intangible assets like intellectual property.     Sponsored Links   Best Moves in a Bad Economy Save & Invest the Right Way Find out how to beat a bear market, make smart choices, and keep your cool even when the economy is unpredictable. Small Business Information Ads Letter of Business CNN Business Business Card Business Writing Business Resources Advertisement     Visit Related About GuideSites: Entrepreneurs Management Human Resources Marketing Economics   Search About      Sign up for more free newsletters on favorite topics. You are receiving this newsletter because you subscribed to the About Small Business Info newsletter as lemmetry@GMAIL.COM. If you wish to change or remove your email address, please visit: http://www.about.com/nl/usgs.htm?nl=sbinformation&e=lemmetry@GMAIL.COM About respects your privacy. Our Privacy Policy. Our Contact Information. 249 West 17th Street New York, NY, 10011 © 2008 About, Inc.