We would like to announce the launch of our new blog dedicated to business sellers. You will find extensive information about the business sale process as well as tips and tricks to sell your business to the right buyer with minimum hustle. If you are selling your business...
Selling a Business
Selling a Business – Tips and Tricks
Many business owners think that selling a business is like selling a house. They put a price on the business that they think it is worth, they increase it to have room for negotiation and they start looking for buyers. If a buyer comes with an offer, they negotiate to the last penny to...
What to do after selling your business?
A few years ago, I was attending a conference titled "Exit Strategy for Entrepreneurs" in which a successful Canadian entrepreneur was describing how he sold his business for top dollars. I was expecting the speaker to be full of joy and exhilaration after becoming a multimillionaire in just a few years. However, I was...
Why Sell a Business?
Business owners consider selling their businesses for many possible reasons:
- Boredom or need for change: This is the most frequent reason (statistically). After starting their businesses from scratch and spending countless hours exploring their ideas and implementing them, business owners simply lose interest in their companies. While this seems hard to believe, most entrepreneurs are...
How to Qualify Business Buyers?
One of the main things that deter business owners from selling their businesses themselves is the difficult process of qualifying potential business buyers. Statistics of business sales in North America have shown that only 10% of people actively looking to buy a business end up actually buying a business. This means that 90% of...