Tips for selling one's business?

[Adeena Mignogna]

It's official. My business is up for sale - By Owner! Yep... no broker. I tried the broker route and got no where so now I've redone a few things and am trying to sell the place on my own.

Anyone been in my shoes? Tips? Comments?

[Alex Bellinger]

Hi Adeena, are you selling your retail store? Is it because you're now pursuing a career as an author? Sorry, I'm being no help answering your questions, but I am interested in the story of an aerospace engineer and physicist turned entrepreneur!

[Adeena Mignogna]

Yep, my retail store.
There are actually 3 reasons -
1) My significant other and I want to move out of the area
2) Even though I've turned into an entrepreneur, I'm still and engineer... For the past 3 years (out of 5 that I've had my retail store), I've been doing both - I have a full-time "day-job" and then I run/manage my store. I'm exhausted and not doing the store justice. So it's not just that I'm selling my business, my business needs a new owner. :)
3) Yep... I want to write more. I do want my next career to be as an author. I love writing, but it's incredibly difficult with two jobs already. :) (On the plus side, I now realize and appreciate how much free time I really did have when I only had one job) A sequel to "Cute Little Store" is already in work but won't be finished until I sell my business. I love writing about business, but also have been attempting to write fiction for longer than I can remember.

I'll keep folks posted on my progress. I've made an announcement locally to many people I know professionally, mostly through our local Chamber of Commerce. Wish me luck!