Buying and Selling Vacation Rental Property Management
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The Top 5 Reasons People Sell Their Business
The Top 5 Reasons People Sell Their Business One of the very first questions a buyer asks is “Why?” “Why are you selling your business?” Invariably, behind it is a mistrust or doubt driven by horror stories grounded in very little truth but it is an important question as it sets the context for how a business is run and why certain things are the way they are. After 15 years of M&A and Business Sales and literally hundreds of completed transaction I can tell you two things emphatically: 1) 99% of the time Sellers tell the truth 2) Proper Due Diligence discovers the other issues. Now, as to the question at hand. The fundamental reason a business owner makes the decision to sell a business may not necessarily be for financial reasons, but to free up resources, focus on other priorities or make time for other opportunities. In this article, we review why owners might decide to sell a business, along with some steps to consider when preparing for the ...