Monday, June 3, 2013

Anyone want to buy a business? It appears not - The Globe and Mail


http://www.theglobeandmail.com/report-on-business/small-business/sb-managing/succession-planning/anyone-want-to-buy-a-business-it-appears-not/article4102129/

Owning and running a small business is considerably different from selling a business.  There needs to be a lot of preparation to make a company saleable.  It is important to pre-plan and start organizing the business so it can be sold.  Many entrepreneurs have much of the business operating based on their knowledge.  But what happens if they are not available to run the business? Obviously problems for a prospective purchaser.  Organizing and optimizing a business for sale is an entirely different set of skills than are used in managing that business.

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