Allen Harris | Mind Your Business: The art of selling your business berkshireeagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkshireeagle.com Daily Mail and Mail on Sunday newspapers.
Are you ready to retire from the business you’ve built? Maybe a little tired of it? Bored? Burnt out? Sick of dealing with employees and red tape?
These are all legitimate reasons to want to sell, but if they are the only reasons you’re leaving, you could end up regretting your decision. You’ve worked hard to build your business. It probably gives you a sense of purpose and accomplishment. Selling means you risk losing all of that.
One of the most important steps for ensuring you sell your business well has nothing to do with how much money you get for your company and everything to do with your reasons for wanting to sell in the first place.
John Warrillow is the founder of The Value Builder System, a simple software for building the value of a company used by thousands of businesses worldwide. Offered by a global network of independent advisors known as Certified Value Builders, The Value Builder System incorporates several diagnostic tools, including the Value Builder Score. Those businesses that achieve a Value Builder Score of 90 or greater are worth double the average-performing business.
His best-selling book,
Built to Sell: Creating a Business That Can Thrive Without You was recognized by both Fortune and Inc. as one of the best business books of 2011 and has been translated into 12 languages. He is the host of Built to Sell Radio, ranked by Forbes as one of the world’s 10 best podcasts for business owners. In 2015, John wrote another best-selling book,
The Art of Selling Your Business: An Excerpt
After 2020, you may be wondering if now is the right time to sell your business. The first step is to understand the landscape of potential acquirers.
January 28, 2021
Small business owners are a cornerstone of our society. But what COVID-19 and 2020 showed us is that small business owners are the backbone of our
economy. Though filled with both good and bad, business owners saw a huge shift in how they must run their business. And under such challenging circumstances, with trials and tribulations aplenty, many rental business owners made the difficult decision to close their doors or leave their company in someone else s hands.