"On average, a business sale takes nine months to one year. " My belief is that this process started when Fong stepped in.
"As you prepare to put your house on the market, you get the word out to as many people as possible. The "For Sale" sign is placed in the front yard, you invite people into your home during an open house and you put ads in the newspaper and online. You want everyone to know your house is for sale.
However, that's not the case when selling a business. Place an ad that your business is on the market and people start to wonder. It creates an air of uncertainty that can be detrimental to your bottom line and put the company in jeopardy.
To increase the likelihood of a successful sale of a business at an optimum price, keep it confidential!"
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