No doubt you are coming here to this post from my ebook on selling a business. But if you are not the purpose of this short blog post on selling a business is to lay out some of the reasons the sales market is so inefficient. So here we go. 1. Small Business Owners Keep […]
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If Its Such A Good Business, Why Are They Selling?
So we spend a ton of time telling business sellers how to prepare their business for sale. We talk about the importance of having good books & records, being organized, being on a growth curve, having the staff, and a ton of other items you can hear here. But what is often not talked about […]
Can You Sell A Service Business?
Over the years I have repeatedly heard from owners that their businesses were not worth anything because they didn’t own land or there were little to no assets. I shudder to think of the amount of money left on the table because an owner didn’t understand what their business was worth. The service economy is a huge component […]
Lawyers Are Like Golf Clubs
Lawyers Are Like Golf Clubs….Strange Analogy? Not so let me explain. First let me weigh in with the standard caveat. I am not a lawyer, but I have worked with hundreds of them of all shapes, sizes, and specialties: Immigration, Business, Transactional, Prosecutors, Defense, Patent, Tax, PI, and even Environmental. Let me first tell you […]
Use Your Competitive Advantage When Selling Your Business
There are certain intangible assets that have no monetary value if you try to sell them by themselves, but their worth is essential to the market value of a business. In fact, it is assets like these that give your business a competitive advantage over others in your industry. What makes your business different, unique, […]