Entrepreneur Plus - Short White
For Subscribers

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.

ByChad D. Cummings

Opinions expressed by Entrepreneur contributors are their own.

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.

This is a subscriber-only article. Join Entrepreneur+today for access

Editor's Pick

Related Topics

Business News

Airbnb Renter Discovers Hidden Door, Says Police Confirm There's a Secret Unit Upstairs With 'Surveillance': 'A Terrifying Experience'

One bride-to-be was in for a not-so-welcome surprise when she discovered a secret door in her Airbnb rental.

Business Solutions

This $30 Bundle Can Show You How to Use ChatGPT for Your Business

Find out how AI can help your business run more efficiently.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指雷竞技手机版望太多a company exit for their eventual 'win.' Do this instead.

Making a Change

Learn ASL and Open New Opportunities for Just $29.97

Expand your communication capabilities with this ASL learning bundle.

Marketing

11 Tips to Help Entrepreneurs Master the Art of Self-Promotion

Key marketing tips for bold and brazen entrepreneurs

Growing a Business

This Nurse Turned $500 in Savings Into $100 Million in Sales After Sharing Her Hair Care Routine on YouTube. Now She's Revealing Her Secrets to Success.

Courtney Adeleye sold $10 million worth of products out of her home within three years of launch.