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. Which of the following would you recommend that 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 gone through the process of selling a business would be the best option for Arthur. This person could offer firsthand experience and advice on how to navigate the process and ensure a successful sale. Asking his advisory board for their opinions and getting a valuation from a business broker are also important steps, but they should come after seeking advice from someone who has sold a business. Going public may not be a viable option for Arthur's company depending on its size and financials.

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