04/02/2012 12:53 pm ET Updated Jun 02, 2012

What To Know Before You Sell Your Small Business

All entrepreneurs dream of the day they sell the business. Cashing out, walking away and spending the rest of their days on a beach. In reality, few business owners get this opportunity, though plenty get the opportunity to sell.

The decision to cash out will be an easy one for many entrepreneurs. But selling your business to a larger company and sticking around comes with a whole different set of issues. Most obviously, you won't actually be quitting your business. Instead, you'll get a boss. Are you ready? Is it time? I sold my digital agency two years ago, and here's what I learned in the process.