As a business owner, you can take the luck out of selling your company by planning ahead. It can take two to three years to prepare your business to be attractive to the market. Here’s why you should get started today.
In 2012, two brothers began discussing the sale of their business with a key employee. He was young, but claimed to have an equity backer. After a year of negotiations, he admitted that he had no cash and that his equity backer (if real) had withdrawn. The young employee left the company six months later – perhaps looking for another opportunity to buy.
In their 70s and running out of energy, where were the brothers to turn? They sought advice and soon discovered they were relying on finding (and closing) a needle in a haystack.
They had not planned ahead to create attractive options for themselves as owners of an investment.
Read more at:
5 alternatives to relying on luck to sell your business - Jacksonville Business Journal:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
No comments:
Post a Comment