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For Small Business Owners Growing Or Selling A Small Business.
Why Small Businesses Struggle When Selling A Small Business By Noel Peebles http://www.instantsellbusiness.com |
| Every year thousands of small businesses get sold, many
for thousands of dollars below true value. Author of the business help package 'Sell Your Business The Easy Way', Noel Peebles, believes it doesn't need to be like that. "It's a crying shame," says Noel Peebles, who has personally bought, developed and successfully sold several small businesses. "For most small business owners, cashing-out is their biggest sale ever. Yet, surprisingly, most fail to put enough effort into planning to sell to their biggest and ultimate customer... the person, or company, that buys their small business." He's seen it happen time and again. "I've seen genuine hardworking people struggle and persevere to build up a successful small business, only to watch them fail to reap their richly deserved rewards when they come to sell-out. They don't know what to do, or where to go. They lack the required skills to present their small business effectively to potential buyers. The end result; they get stressed-out and bitterly disappointed with the outcome. Sadly, these small businesses often sell for a fraction of their true worth." On the subject of real estate agents and appraisers, "Yes there are plenty qualified to help. The problem is real estate agents, appraisers and brokers vary in ability. Too many small business owners put too much faith in people they don't even know. You could get a really switched-on agent, or fall victim to a blithering idiot." Noel believes there is too much at stake to rely totally on someone else's efforts. "I'm not against real estate agents; I just want to give the small business owner more control over the final outcome, for this, their most important sale ever." Even if a small business owner is years away from selling, Noel has sound advice in this business help package on that too. "It still pays to plan an exit strategy, because the time will eventually come to sell-out." Noel believes a small business being sold in a hurry is a dream come true for a buyer. "Without a workable exit strategy in place, the small business owner (or their heirs), may have no choice but to place the small business with a real estate agent to get what they can for it. The assets may be liquidated and sold off piecemeal, getting virtually nothing for the goodwill built up over the course of many years." As Noel points out, "This is one of the main reasons why so many small businesses get sold for thousands of dollars below true value." He freely admits that 'Sell Your Business The Easy Way', focuses on giving more control to the small business owner. It is about planning for the big change well before the signs of burn-out, boredom, apathy or illness starts to show in the balance sheet. "A decline in the financial results will, more than likely, scare buyers (and their lenders) away. As happens so often, the business owner ends up getting less for their small business, than what it's really worth." Noel sums it up, "I want small business owners to have more chance of coming out on top, both financially and personally. To do this the small business owner will need to take control and spend time on careful planning. Then, when they're ready, they can take the time to negotiate a price and terms that will satisfy their reasons for selling." 'Sell Your Business The Easy Way' can be downloaded instantly at http://www.instantsellbusiness.com © Market Leaders Limited. All Rights Reserved. Please Note: The following information must be included if you reprint this article or post it on a website: ******************************************** Get Your 100% FREE mini-course "17 Powerful Secrets That Have Made Business Owners Into Millionaires." 100% FREE! Simply send a blank email to: instantsellbusiness@SubscribeMeNow.com ******************************************** About the author: Noel Peebles has bought, developed and sold several of his own small businesses, and has been involved with the purchase and sale of many others. He has fifteen years of 'hands on' experience, directing his own highly successful retail businesses, including franchise marketing and business development. Noel has a wealth of experience including brand marketing with a major national advertising agency. Noel now runs his own direct marketing and internet company, supplying marketing and management solutions for small businesses. He also has his own public self-storage complex. Noel has traveled extensively to over forty countries. |