Not Every Buyer Will Protect Your Business’s Legacy — Choose Wisely

Entrepreneur contributors emphasize the importance of choosing the right buyer for your business when selling, rather than solely focusing on the highest valuation. They outline the different types of buyers – strategic, financial, and individual – discussing their advantages and disadvantages. Factors to consider when selecting a buyer include reputation, post-sale business plans, treatment of employees, likelihood of closing, speed to closing, cultural fit, financing structure, and market conditions. Prioritizing these considerations over maximizing valuation can lead to a successful sale process.

Full Article