The following is a guest post by John Warrillow.
PEC: How did you find the buyer?
They didn’t want to cash out and quit.
There are several methods to consider.
Arianna co-founded the Huffington Post in 2005 and built it into a profitable $30 million business over six years.
Make sure your financial records are in order.
Many business owners today are just worried about keeping their business running.
John Warrillow, the author of Built To Sell: Turn Your Business Into One You Can Sell, knows about selling businesses: He has started and exited four companies.
Offer a road map to success.
First, ask yourself three questions:
Can Your Business Be Sold?
Glendale mom Laurie Lupinetti opened Young Chef’s Academy in 2005 so she would be home more with her daughter Sarah, then 6 months old.
The news might seem anything but encouraging; yet it doesn’t mean there’s no hope for selling a business successfully in this market.
70% of all small and mid-sized businesses never sell when they are put on the market.
In dealing with business sales, often times the seller or the buyer will ask about the use of an escrow company.
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