Posts Tagged "selling a business"

Pick Your Stocks or Your Business

»Posted by on Sep 26, 2011 in Business Growth, Business Valuation, Exit Strategy, Growth Strategies, Management, Selling A Business | 0 comments

Let’s say you have a choice.  You can keep your business, or you can keep your stock portfolio. Which would you choose?  The most valuable, I’m sure. What are your stocks worth today?  You check them every day, right?  Almost everyone does. What is your business worth?  You check it every month, right?  Virtually nobody does. Why is that?  Why can most business owners tell me what their stocks are worth, but not what their business is worth? This wouldn’t be true if they managed their business like an investment. It’s a matter of focus. Get blog updates in your...

read more

Do You Want To Sell Your Business or Just Sell More Business?

»Posted by on Aug 14, 2011 in Business Growth, Coaching, Management, Sales & Marketing, Sales Training, Selling A Business | 0 comments

I’m often asked, “Harvey, what do you do?” My answer is, “I help people sell their business, and I help people sell more business.“ That may sound strange, but it isn’t.  More than 80% of businesses cannot be sold for any price, not even by skilled business intermediaries. The main reason they cannot be sold, is their sales volume isn’t large enough to attract a buyer for the business. Many businesses don’t even have a salesperson, much less a sales manager. Those businesses are dependent on customers walking in the door, calling on the phone, or sending an...

read more

What Is Business Exit Planning?

»Posted by on Jul 26, 2011 in Business Growth, Exit Strategy, Management | 0 comments

There are two ways you could exit your business: voluntarily or involuntarily.  One way or the other, someday you will leave your business.  With good exit planning, either can be done profitably and with ease. I believe your first goal should be to decide if you wish to leave your business at all.   Many business owners prefer to work as long as they can.   Others want to work until they can just step aside and passively own a well-oiled, smooth running business, leaving day-to-day operations to others.   Either can be down with proper planning.  Preferably with plans that include the flexibility...

read more

5 Good Reasons To Create An Exit Strategy

»Posted by on Jun 27, 2011 in Exit Strategy, How To Sell A Business, Selling A Business | 0 comments

Business owners work hard for many years building a successful business. The rewards are worth the effort, but only when they sell their business do they finally realize the full value of their investment of time, effort and money. However, Business Brokerage Press, Inc. reports that 80 % of privately-owned businesses cannot be sold even by skilled business brokers. You can avoid being part of this sad statistic by creating an exit strategy. A well-thought-out exit strategy would allow you to: 1. Sell high with the right timing. 2. Create diversified revenue streams if you desire, so you are not totally...

read more