Selling Your Business

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Four Reasons Why Baby Boomers Fail to Sell Their business

Baby boomer entrepreneurs can have a lifetime of hard work result in disappointment and financial anxiety when they go to exchange the keys to their business for money. The following are four reasons why entrepreneurs fail to sell their business. Fear of the unknown. During buyout negotiations, selling owners come to realize that they have [...]

How to Not Let Discontentment Derail Selling Your Business

  The Contented Entrepreneur Discontentment expressed through the emotions of anger, frustration, and bitterness, either from within yourself or by others, usually manifests from unmet expectations. No one is immune to experiencing these emotions, whether justified or not. An entrepreneur, especially the owner of a family business will experience these emotions at various [...]

How To Sell Your Business For A Huge Discount And Live Unhappily Ever After!

Most entrepreneurs fail to plan how and know when is best to pass their business on to others. The result is that they often face being taken advantage of by potential successors and buyers, including, and sometimes most especially, by their own family members. The justifiable financial reward business owners seek for their long, hard [...]

How to Overcome Negotiation Fatigue When Selling Your Business

I can say from first-hand experience that one of the biggest challenges I encountered while negotiating the sale of my business was negotiation fatigue. As an advisor to other baby boomer entrepreneurs, I strongly recommend that they mentally prepare themselves for a long, grueling transaction process and accept that it will be extremely emotional throughout. [...]

Which Is Better? Selling Your Business To An Internal Or External Buyer?

One of the most critical decisions for a business owner is whether  to sell their business to an internal or external buyer. Either way can be a good or bad decision depending upon how you've planned in advance to meet your business and personal goals and objectives. Either way can make or break you financially [...]

Why Advisory Boards Are Essential For Protecting Seller Financing

When business owners offer seller financing to internal buyer successors, there are many risks involved for getting full payment of the financing provided. Therefore, one of the essentials that should be a mandatory requirement as part of seller financing is the establishment of an advisory board to oversee and protect the seller's "investment". Just as  bank [...]