You’d be forgiven for thinking that just because, in the dim and distant past, I’ve sold a business, I’d have half a clue as to the pitfalls a budding entrepreneur would face when approaching such a task. And of course, you’d be wrong! This has been clearly shown to be the case over the last couple of months as Tibit positions itself to trade its soul in some Faustian pact with the investment community. Everyone talks of exit whereas I’m still on the ‘growing a profitable business’ page. But, with the availability of cheap money, acquisitive trade-buyers all fearful of missing out, and lots of private-equity cash sloshing around, there’s apparently never been a better time to sell a business, and it made me think of how I’d go about it, second time around.