I’m sure I was not the only one, the book sold millions of copies worldwide and has expanded into an empire. I devoured the book, I read three times in a row. I got out highlighters and notebooks and I studied the book page by page.
Advisors. Depending on the size of your business, you may need to hire some advisors to help you sell your business. You may need to hire a lawyer, an accountant, an appraiser, and a Business brokers in thailand online. Although you will need to pay these people to get their services, you can be assured that they can tremendously help in making sure that you’ll land a great deal.
The greatest challenge for many Business brokers online is they don’t know the right way to ask for referrals. My first five years in business as a financial advisor, I had the same challenge. Just like the construction company, I would ask my clients, “Who do you know…?” This was met with many blank looks. It was such a broad question that no one knew how to answer it. They had a difficult time coming up with names.
I think I was more excited about it than my parents, they joined because it was their good friends. I have never really asked how much they really intended to put into it, but I loved it. I thought for sure we were going to be rich. I started counting down the days to turn old enough to join myself. I even knew the presentation and compensation plan better than my parents.
Gross sales have little to do with the value, therefore, if your goal for 2008 is to grow the biz by 40%, then you could still decrease the value of the business, or even reduce it’s profits. Most companies who make the Inc. 500 fastest growing companies lose money! In the two years my companies would have made the Inc 500 list, we lost money.
An existing shop is usually a better bet for success, as you will have some cash flow from the beginning of your ownership. The base of clients is an important asset to an existing business. Cash flow can make the difference between success and failure of a new owner.
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Because they’re trying to play a game with you. And if they want to play games, let them play with somebody else. Don’t let them waste your time. There are plenty of good businesses out there to buy without having to play any games. Don’t invest even a second of your time with people trying to play this game. No matter how sweet the deal may seem on the surface. It’ll suck you dry of time, patience and sometimes…even money.