Are you ready to sell your business?

March 1, 2010

Think about it.  What are you going to do after you sell your business?

Before you put your business on the market, have some future mapped out, if not in detail, generally.  Know you really want to sell.

Once, when searching for a business to buy, I found one through a broker.  Based on information presented to me, it fit the characteristics required, except one.  At the first meeting with the owner, the seller began to ask about being able to keep his personal items stored in the building and asking whether helping after the purchase, more than just training.  The owner did not really want to sell.  He had no plan or interests outside the business and he had built the business from little to something well respected.  Where would his identity be if not as the owner?

For some, it may require therapy.  Regardless how you figure out that you want to sell your business, know.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: