If you started a successful business, then you already know how to close. But finding a buyer for your business, and going through the process with success, is a particularly complex endeavor. You might need help selling a business.
If you’re an established business owner in your 50s or 60s, it’s possible the concept of retirement is a recurrent thought. And that’s okay! You’ve worked hard your entire life, and the time has come to take it easy, relax and enjoy.
According to a BizBuySell.com’s insight report, in 2016, about 7,842 small businesses were sold. Selling a company is a major decision for any business owner. If you’re thinking about moving on from your lifelong business venture, then it’s essential to take every aspect of the process seriously.
As you’re nearing your potential retirement, you may think it’s time to kick back and relax. But if you’re the owner of an established successful business, there should be a lot more on your mind.
Now that your company is fully established and you’ve enjoyed years of professional and financial success as a business owner, there might be some uncertainties about the immediate future. You have to ask yourself what, you should do, particularly in the face of the decision to sell your business.
When the time comes to sell your life’s work, you can’t trust your business, your name, and your financial future to just anyone. While many business brokers focus on small, family-owned businesses, few business brokers in Florida are qualified to handle larger transactions.
Selling a business is a difficult process that you need to take seriously. Your future and your family’s future might depend on this sale, so you need to focus all of your time and energy on generating multiple offers so you can find the best deal possible. But how do you actually find the right buyers for your business?
Our CEO, Emery Ellinger, was featured in Discover Your Talents Podcast with Don Hutchinson talking about his greatest passion: helping business owners sell their business. In the interview, he shared inspiring strategies and captivating ideas on how business owners should approach the sale of their business.
“How much is my company worth?” If you’re a business owner, this is a very important question you should know the answer to. You should especially know how much your company is worth if you’re deciding to sell your business.
Selling a company is a major decision that requires a lot of thought. Even if you think you have considered all of the implications, you might still be ignoring a few important questions.
If you’re selling a business in Florida or any other part of the country, make sure that you ask yourself these 10 important questions before you make any final decisions.