Building A Sellable Business Growth SeriesIn order to give you even more ways to make understanding money in your small business “financially simple,” we have started this blog/podcast series. The goal of this, my first small business educational series, is to take you through all aspects of a successful small business – starting, building, and ultimately selling the business… for a profit. In my years as a certified financial advisor and business coach, I have seen many common trends – some of successful and others of unsuccessful businesses. I will talk about both (and other topics in between) in easy-to-understand, simple terms. I want you to understand how your business can (and MUST) be more than a weekly paycheck, but become a nest-egg that meets your long-term goals.
- We’ve reached the point in our Building a Sellable Business series where you’re ready to close on your business sale! Maybe, you’ve even scheduled the closing. You’ve got your signature pen in hand, and you’re ready to sign on the dotted line. But out of nowhere, plans change. While some changes can be good, most changes before the sale of your business negatively affect the closing of your business. Changes usually mean that the buyer has changed his mind. So let’s look at 4 common reasons a buyer backs out of the sale of a business. Then, let’s figure out how to handle those disruptions.