Arthur's company is doing well but he has grown a bit tired of the daily grind.The idea of selling is appealing to him.What would you recommend Arthur do next?
A)Ask his advisory board for their opinions.
B)Ask a business broker what his business is worth.
C)Go public.
D)Get advice from someone who has sold a business.

Question

Quizplus · Accepted Answer

Getting advice from someone who has sold a business would be the most helpful next step for Arthur as they would be able to provide practical insights and advice based on their own experiences. This would help him understand the process, potential challenges, and pitfalls to avoid. Additionally, he could learn about the necessary preparations he needs to make before selling the business. While asking his advisory board for their opinions or talking to a business broker might be helpful, they may not have the same perspective and expertise as someone who has been through the process of selling a business. Going public may be an option for raising capital but is not necessarily the best choice for someone looking to sell their business.

Arthur's Company Is Doing Well but He Has Grown a Bit