In the life-cycle of your business, there are few, if any, more important events than its sale and your exit. This is the culmination of years of hard-work and, as such, you should take all necessary steps to put yourself in an optimal negotiating position to maximize the value of your business.

If you're thinking about selling your business, it's important to have a clear and well-thought-out business exit strategy. To begin this process, you need to identify the elements that led you to consider selling your business in the first place.

Whether you’re buying or selling a business, it’s important to set your personal feelings aside to do a systematic business valuation. There are three best practices to valuing a small business.

Deciding to sell your business and getting ready for the process to sell your business, takes time. But how much time and how and when to get the process going?

Mark Herrmann was recently a guest on the podcast, The Builder Nuggets. A community of successful construction industry leaders, The Builder Nuggets is composed of award-winning builders, remodelers, business coaches, and industry experts that have come together to share their secrets of success.