Selling your business often takes as much planning and careful consideration as starting it does. It’s never an easy or simple process, but the rewards can be life-changing. We recently caught up with Michael Ramatowski Managing Partner at RamBizGroup Business Solutions, and broker for the Georgia Association of Business Brokers in the ASBN studios.
Considering the most common reason for selling a business is due to retirement, Michael says it’s important that a business owner is going to get the most out of selling their business; and that’s why the Georgia Association of Business Brokers has made it their primary objective to make sure that business owners are getting the most out of their business and not leaving any equity on the table.
Michael also shares with ASBN exactly how much work goes into selling a business and the general process that is usually used in order to determine the value of a business. He says for GABB specifically they will begin their process with a no-cost meeting with the business owner before they begin to work towards determining the price at which the business would sell for. From there they will be able to determine how they are going to fund it and whether or not the business is ready to be taken to market.
To learn more about the Georgia Association of Business Brokers, and how to sell your business check out our full interview above.
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This has been a JBF Business Media production.