If you own a business and you want to sell it online, you must know that this can be quite a daunting task - the chances are that there are hundreds of business similar to yours, therefore you must convince the buyer to choose your business over your competition's. Having said that, here you will find 6 simple yet efficient tips that will help you sell your business online quickly and without the hassles:

1. Make Your Business Ready For Sale!

First and foremost, it is essential to make your business look appeal to your potential buyers. You never get a second chance to make a good first impression - this is why your business must look impeccable and attractive. This is why you must keep everything clean and organized: clean the office, add an extra layer of paint if you have to, remove all the clutter and unused equipment from the room and make the place look big, clean and sunny. You can either sell or throw away the unused chairs, tables, spare parts and such. It is also highly recommended to hire a professional photographer to take pictures of it if you want to advertise it on the Internet. 

2. Take Care Of The Financial Aspect 

If you want to sell your business, then you must take proper care of your finances: make sure there are no debts or late fees you need to pay and that everything is in perfect order. You will have to visit your accountant and carefully check the records for the past three years. Prepare a report about business profitability (which will surely appeal to buyers), as well as monthly business reports. Moreover, you must have the original financial statements available, in case the buyer wants to check them before closing the deal. It is vital to make sure that all your financial statements are up to date! 

3. Prepare Manuals 

Business manuals are important for a better understanding of the business mechanism. Every company, be it large or small, works on certain principles - so does yours. The purpose of the business manual is to help the buyer understand the business: it provides detailed information on the machinery, daily tasks and operations, contact lists, ordering stock and such. In addition to this, the employees must have a clear and concise job description. In other words, the manual will ensure that the new owners of the business will need minimal training to run it properly. 

4. Organize Your Contacts 

Organizing your contacts properly is another important aspect, as having bulk contacts is very counterproductive. Having said that, make sure there are folders designed for each business segment: lawyers, accountants, marketers, clients, suppliers and such. This will certainly facilitate business management in the long run. 

5. Take Care Of The Legal Documents

The legal papers are just as important as the financial documents - fortunately, your lawyer should be able to take care of all the legal aspects of selling your business. Moreover, ask your lawyer to create a tailored confidentiality agreement that the buyers will have to sign before you release your financial papers. 

6. The Sellers Memo

The purpose of the sellers memo is very clear: it aims to provide the potential buyers with clear and detailed information about the business they are about to buy. This is nothing more than a marketing document that states everything that is included in the sale. 

After you have taken care of all the above-mentioned aspects, you are ready to sell your business. Buyers pay attention to small details before making a purchase, this is why it is essential to properly organize your business before selling it.

Rob works for NGBB, a provider of businesses for sale in Perth.