Digitally Sold: The Logistics of Transferring Your Online Business

In the days before the Internet, selling a business was a slow but straightforward process: The buyer would drive across town, view the business in person and “kick the tires” before signing on the dotted line. The seller would then sign over real estate deeds, transfer inventory, provide in-person training and hand over the keys.

Since the advent of online businesses, however, what used to take weeks now happens in a matter of hours or days. But while selling an online business typically means less paperwork than selling a brick-and-mortar business, the logistics can be confusing from a seller’s perspective.

Here are a few things you should do once you find a buyer:

7 Vital Steps to Position Your Company for Acquisition

You’ve built a company from scratch and now you’re ready to sell it. First off, congratulations! You’ve done something that most people will never do, and that’s pretty amazing. Selling your company is a big deal. If you position yourself well, you stand to gain enormously.

I recently spent time working with several entrepreneurs selling their companies. They were all deep in the negotiation process, and each of them had a slightly different approach. In working together, we discovered that while no two buyouts are completely alike, there are seven key factors we identified that all companies should consider to position themselves well for acquisition: