A transition plan that allows the business owner to sell the business for the highest price possible in the shortest amount of time to the most qualified buyer is generally the top of the wish list for most business owners. Because the business owner lives and breathes their business they become emotionally attached to their customers, employees, suppliers and other business partners as the business is a reflection of who they are. (more…)
Archive for the ‘Sell a Business’ Category
Selling a privately held business is a complex process. Unlike shares of a publicly held company that can be readily liquidated in a day or two by selling them on the stock market, there is no ‘ready made market’ or exchange for selling a privately held business. (more…)
A recent Inc.com article advises business founders to consider several questions before selling a business.
First, owners need to determine what kind of business person they are. Some simply begin a company with the intention of selling it and moving on, while others enjoy the longevity of making a company sustainable.
When the time comes, selling a business is really about a series of decisions.
How much is the business worth? How do you go about valuating the business? What type of organization might be interested in buying or at least investing in the company? How should one go about finding such prospects? (more…)