Would you like to sell your business but just don’t know how? So, she reads on and finds out how.

1. The first thing you need to do is make sure you are 100% sure that you want to sell your business. Don’t be one of those people who backs down in the middle of the buying process just because they realize they’re not ready to give up on your business just yet. Doing this can save you time, money, and energy in the long run.

2. Prepare the documents. You will need to prepare your business income tax returns for at least the last 3 years and your financial statements. A certified public accountant can help you with this task. To determine the true value of your business, you will also need to prepare the operating history of your business that contains an increasing earnings trend. Declining or stagnant profits will surely detract from your business.

3. Prepare for the sale. Before you meet with your potential buyers, be sure to anticipate all the questions these people might ask you. One of the things they would surely want to know is why you are selling your business. Be honest at all times if you don’t want anything you say to fire back at you in the future.

4. Finalize the sale. Once you have selected the best buyer, finalize the sale by creating a contract with the help of a lawyer. Next, decide how long you will help the new owner run their business. For your own protection, be sure to put everything in writing and have everyone involved sign it.