Selling a business? Due diligence will help you get the best deal

Always focus on building relationships. (Credit: iStock / Yuri Arcurs)

While starting your own business can be incredibly exciting, it can also be fraught with uncertainty. And, whatever your reason for selling the business, the process can seem just as daunting. As the business owner, you have emotional as well as financial aspects to consider, and a decision to sell should never be made on the spur of the moment. Once the decision has been made, however, you need to start planning every aspect of the sale in detail. Clive Hyman, an expert in mergers and acquisitions, shares here the "the best ways to prepare for what can be a rigorous and exhausting selling process."

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