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. . .
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 its golf whenever you feel like it? It sure sounds better than ringing phones and. . .
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. Of course,. . .