Sellers often think they can sell their businesses on their own. One reason you should engage a competent business broker with deep experience is to protect yourself from yourself. Here is what I mean……. The con man refers to his target as a “mark” – easy prey to be exploited. Private Equity (PE) guys are […]
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Buyers Education
All Business Buyers come to the buying process with a world view and perception of the process. Where they get that knowledge ranges from books and seminars to water cooler conversations with those who have been through the process. One of the most dramatic statistics regarding buyers in the buying process is that 99% of […]
Sellers Financing ….The Facts
There was an interesting article the other day in a small business magazine. The article stated that a survey was done of all the websites listing businesses for sale. The analysis of those listings showed that less than 20% of the businesses on the market were using Tax Returns as the source document for financials […]
Branding Yourself and Your Small Business
A ‘personal brand’ is in many ways synonymous with your reputation. It refers to the way other people see you. Are you a genius? An expert? Are you trustworthy? What do you represent? What do you stand for? What ideas and notions pop up as soon as someone hears your name? If you’ve been around […]
Drive the Damn Bus
I was at a meeting the other day with some colleagues and one of the seasoned veterans was telling a story of a buyer who was very qualified. The gentleman in question had all the degrees in the world and a resume of successive levels of responsibility that indicated he would be a great business […]