SellingBusiness.com

Straight Talk about "Selling Your Business"

“Selling my business was like selling my baby. (I created it.)
It was important to make sure I sold it to the right company or person–and for the right price.”
Lane Nameth, creator and founder of Discovery Toys.

Think about a time in the future when you are considering selling your business.

• What motivates you to sell?
• Is it money?
• Is it retirement?
• Is it more time to be with family members?
• Is it more time to enjoy life?
• Is it some other burning desire?

Every privately held business will be sold or transferred at some time in the future. You will create substantially more wealth by planning your exit strategy than by letting that ultimate transfer sneak up on you.

Unlike the stock market for publicly held businesses, the market for privately held businesses is grossly inefficient. It’s like the Wild West. Without planning and education, you could get skinned.

Selling your business will probably be the largest and most important transaction you ever do. Education on the planning and selling process is essential.

You owe it to yourself, your family and the other stakeholders to plan your exit such that all win and you exit with optimum value.