We all want easy. The truth is, buying or selling a business may be the most complicated transaction you will ever do. One symptom of frustration that can occur is deal fatigue. It is simply one of the symptoms of issues during negotiations. But the good news is deal fatigue can be avoided. Here’s the. . .
Business sale regrets are real but avoidable. 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. . .
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. Sometimes, business owner passion turns. . .
It’s easy to get lost in your thoughts and imagine life AFTER you sell your business. Perhaps your version of paradise includes holding an umbrella laden fruity drink by the resort pool or fishing until sundown because you can. Maybe it’s golf whenever you feel like it? But, are you ready to sell your business?. . .
The first half of the year was a busy one for sold businesses transactions. We haven’t seen these levels of activity since 2010. As the economy improves, many business owners are eyeing the exit. Not wanting the repeat the mistakes from our last recession, many of my clients recognize the time is now. As a. . .