Common Business Owner Mistake #3. As an entrepreneur, you’re used to taking charge and doing things yourself. But when you’re ready to sell your business, you’ll want an expert at your side. A seasoned investment banker will manage the bidding process to maximize your company’s value.

Your banker will also help you structure complex deals and offer legal and tax advice relevant to your situation. In addition, the banker acts as a buffer and can play “bad cop” while allowing you to maintain a good relationship with any potential buyer. Just as you wouldn’t swim in shark-filled waters without friends nearby to help, neither should you attempt to sell your company on your own.