When a business owner is in the process of selling a business, there’s not usually much thought into the employees’ role in the selling of 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. . .
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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. 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. . .
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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. . .
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