Consider When Selling Your Business.

(Hint: It's Not the Price.)

"When deciding whether it’s time to sell your business, you have to start by being honest with yourself. The truth most business owners don’t like to hear is that the overall value placed on your business is much less important than how the deal is structured.

Think of it this way: Would you rather sell your business for $10 million and keep $1 million, or $7 million and $2 million? This seems like a question with a simple answer, but it’s difficult for most owners to consider selling their business for anything less than the highest perceived value.”

→ Learn what business owners have to gain by starting the exit planning process early at Entrepreneur.