Author Topic: Selling my business  (Read 128 times)

barb2512

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Selling my business
« on: May 17, 2021, 01:06:11 PM »
hello all- I have built my billing business up over the last 16 years and want to retire in two years. How do I go about selling my business. Most of the information on how to navigate all the speed bumps in medical billing are in my head!! I don't know how to price my business. Do you offer advice for someone selling their business. b.

Michele

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Re: Selling my business
« Reply #1 on: May 17, 2021, 10:43:34 PM »
There are several companies out there that will sell your business for you, like brokers.  Honestly I've never sold one so I don't have experience.  But we are constantly contacted by companies looking to sell our business for us.  Here is an article on determining the worth of your business:  https://www.thehartford.com/business-insurance/strategy/selling-a-business/determining-market-value#:~:text=Add%20up%20the%20value%20of,more%20than%20its%20net%20assets.

I would start by figuring out what I want to get from it, then try to figure out where to advertise.  There is a website call www.bizbuysell.com    I'm not recommending them, they just came up when I did a google search.  Another one is www.bizquest.com 

Start researching and hopefully something will jump out at you.  Congratulations on reaching that point!

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Michele

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Re: Selling my business
« Reply #2 on: May 17, 2021, 10:44:17 PM »
Oh, you can also post it on here.  Please message me first.  We don't allow advertising, but selling your business is not really advertising.   :)
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barb2512

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Re: Selling my business
« Reply #3 on: May 26, 2021, 10:40:39 AM »
Thank you!!

Michele

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Re: Selling my business
« Reply #4 on: May 26, 2021, 10:46:26 AM »
Best of luck!
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Re: Selling my business
« Reply #4 on: May 26, 2021, 10:46:26 AM »