Help me understand when and how to sell my side hustle as a business.
Business type: [WHAT I BUILT]
Monthly revenue: [AMOUNT]
Monthly profit: [AMOUNT]
Time running: [MONTHS/YEARS]
Why considering selling: [BORED / BURNT OUT / WANT CASH / MOVING ON / WANT TO KNOW OPTIONS]
Provide:
1. **Valuation Methods**: How side businesses and micro-businesses are typically valued
2. **Revenue Multiples**: What multiple of monthly profit my type of business commands
3. **Value Maximisation**: How to increase my business's value before selling
4. **Documentation**: What records and processes to prepare for due diligence
5. **Clean Financials**: Making sure my books are in order
6. **Where to Sell**: Platforms and marketplaces for selling small businesses
7. **Broker vs DIY**: When to use a business broker vs selling directly
8. **Negotiation**: How to negotiate the best sale price
9. **Transition Period**: What buyers expect during handover
10. **Post-Sale**: Tax implications and what to do with the proceeds
Help me understand when and how to sell my side hustle as a business.
Business type: [WHAT I BUILT]
Monthly revenue: [AMOUNT]
Monthly profit: [AMOUNT]
Time running: [MONTHS/YEARS]
Why considering selling: [BORED / BURNT OUT / WANT CASH / MOVING ON / WANT TO KNOW OPTIONS]
Provide:
1. **Valuation Methods**: How side businesses and micro-businesses are typically valued
2. **Revenue Multiples**: What multiple of monthly profit my type of business commands
3. **Value Maximisation**: How to increase my business's value before selling
4. **Documentation**: What records and processes to prepare for due diligence
5. **Clean Financials**: Making sure my books are in order
6. **Where to Sell**: Platforms and marketplaces for selling small businesses
7. **Broker vs DIY**: When to use a business broker vs selling directly
8. **Negotiation**: How to negotiate the best sale price
9. **Transition Period**: What buyers expect during handover
10. **Post-Sale**: Tax implications and what to do with the proceeds
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