When a business owner is in the process of selling a business, it’s easy to get caught up in the paperwork, due diligence, and meetings with advisors. Thoughts of fishing and traveling with your significant other start to creep into everyday thoughts because the end is near. However, I have a word of caution for. . .
Continue Reading “Selling a Business; Employees’ Role in the Deal”
Whoohoo! You have a buyer. Someone is willing to pay the asking price for your business. The deal is as good as done right? Not so fast says Bianca Evans, Business Broker with Transworld Business Advisors. While having two parties agreeing on a price is a huge hurdle cleared, it’s important to know that there. . .
Continue Reading “No Deal: How Pricing a Business Can Go Wrong”
We all want easy. The truth is, buying or selling a business may be the most complicated transaction you will ever do. Here’s the hard truth about selling (or buying) a business. There comes a time in every business owners’ life when they will consider selling a business. If they have prepared well by keeping. . .
It’s frequently the largest transaction anyone will make in their lifetime. Get it right, and you take a huge leap forward with your financial freedom and sense of accomplishment. Get it wrong, and spend a lifetime of regret and suffer sleepless nights playing the would’ve, should’ve and could’ve game. We asked business owners if they. . .
In nearly every college commencement speech I’ve ever heard, “Follow your Passion” has been the sage advice from the podium. It’s also the most misunderstood words of wisdom for the business owner. Passion isn’t necessarily about the work itself, it’s better described as physical and emotional energy. It’s powerful, motivating…and finite. In my career working as. . .
Continue Reading “When Business Owner Passion Turns to Burnout?”