You know your business in and out. You have all the history of the company within you. What you don’t know, however, is that bad actors pose as buyers in order to skim insider information from your documents and use it to compete and steal business or even make yours unsellable. There are many complex concerns when it comes to pricing properly and protecting private information from theft.

Working with an experienced business broker can help you avoid these common pitfalls when listing your company for sale.

Some of the key issues that business brokers can help you with include:

– Properly pricing your business to get the most out of the transaction

– Preventing theft of data and intellectual property

– Safeguarding private information during due diligence

– Mitigating any potential risks during the sales process.

Herein in we are focusing on theft of data. There is usually going to be some form of private internal information used for decision making that adds real value to the business. However, sharing this IP can compromise the value of the business by making it public through the wrong hands. There are many business brokers that can help with selling a business.

Furthermore, the sale process is long and comprehensive, therefore, keeping good records along the way so you know what’s being shared as accurate information will go a long way towards protecting your business’ value and the future earnings potential of the business.

When you are ready to take the next step in selling your business, including receiving a free valuation, call your broker. If you don’t have one, use the contact button at the top or bottom of this page to submit your information and I will be happy to follow up with you to make sure you don’t end up a victim of unscrupulous buyers.