How Long Does It Take To Sell A Business?
Inc takes a good shot at telling business owners how long the typical piece of string is.
Bob House, President of BizBuySell, shares some stats from their marketplace and explains that business owners need to be realistic about time frames.
Small business owners often exhibit a great sense of urgency to close a deal once they’ve made the decision to sell. But as the BizBuySell data points out, the process of selling a business typically takes at least six months – a timeline that most owners don’t anticipate. In fact, a separate BizBuySell survey on the selling process found that nearly half (44 percent) of owners believed the entire sales process would be finalized in less than five months. Read the article at Inc.