--- title: Things to Consider Before Selling Your Business description: This article discusses the best methods to practice before selling your business to someone who values it as much as you do. 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[Hospitality, Restaurants, and Retail](https://scottandco.com/industries/retail) - [Manufacturing and Distribution](https://scottandco.com/industries/manufacturing) - [Medical](https://scottandco.com/industries/medical) - [Nonprofit](https://scottandco.com/industries/non-profit) - [Professional and Business Services](https://scottandco.com/industries/professional-services) - [Real Estate](https://scottandco.com/industries/real-estate) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) # Things to Consider Before Selling Your Business [Admin](https://scottandco.com/blog/author/admin) Sep 10, 2021, 12:00:00 AM [Blog](https://scottandco.com/blog/tag/blog) ![Things to Consider Before Selling Your Business](https://scottandco.com/hubfs/Imported_Blog_Media/AdobeStock_177894054_Resized-1.jpg) This article discusses the best methods to practice before selling your business to someone who values it as much as you do. Firstly, it is important to determine your business value. In order to successfully do that it is necessary to follow the asset method, market method, and income method. It is also important to acquire a third-party professional to determine if the sale is fair. Seeking financial and legal expertise, hiring a professional business broker, setting a realistic asking price, keeping your paperwork in order, and keeping quiet until the sale is complete are very crucial steps in selling a business. To find out more tips on selling your business, click the link above! 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