Should You Sell Your Business to Family, Employees, a Competitor OR…

Business owners are surrounded by potential buyers.  Family members, employees and competitors interact with business owners daily.  So it is no surprise that a family member who works in the business, a loyal employee or even a respected competitor are at the top of the list when a business owner thinks about selling.

But how does a business owner know which one is the best to sell to?  More importantly are any of them the best sell to or should other parties be considered?  Here are some key questions business owners should ask themselves when assessing potential buyers:Business owners are surrounded by potential buyers.  Family members, employees and competitors interact with business owners daily.  So it is no surprise that a family member who works in the business, a loyal employee or even a respected competitor are at the top of the list when a business owner thinks about selling.

But how does a business owner know which one is the best to sell to?  More importantly are any of them the best sell to or should other parties be considered?  Here are some key questions business owners should ask themselves when assessing potential buyers: