by theEmother | Mar 20, 2013 | Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, Sell Your Business, SELL your Mother of a Business, Sellability Score
The short answer is “yes”. But like anything else, it’s all about finding the right buyer!
Today, one such seller came into the office. He had completed the Sellability Score. He wanted to pursue a further conversation. He owns 60% of an established profitable business. He wants to get his equity out and doesn’t think the others partners can afford it. What to do?
We discussed a number of options, leaving him with some thinking to do and a few lifestyle decisions to make. At the very least, he will get us to do a valuation so that any potential buyer will know what they are buying into, from a financial point of view.
Whether we end up structuring the deal internally or externally, I’m confident he will utilise our services because he is confident we know what we’re doing, always the ideal place to start…
by theEmother | Mar 15, 2013 | Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, Sell Your Business, SELL your Mother of a Business, so you think you're in business, TEMpting, the business model
Get your Sellability Score…
If any of these tickle your fancy, please contact me by emailing sell@theentrepreneurialmother.com letting me know which one it is…
BS2 = Online Retailer
More offers received, more expected… just not quite hitting the mark.
The momentum continues to build. What will the crescendo bring?
BS3 Waiting on the SellerBS7 Online Fashion Retailer
Completed Sellability Score.
This one moved quickly. A great start-up price for the new business owner. Contract stage now.
BS8 Waiting on Seller
Was listed with another but no luck to date
Looking to get it moving but waiting out agreement period
BS9 = Specialist Leadership and Talent Management Provider
Completed Sellability Score.
Looking to a 2013-14 kick off
Getting all ducks in a row in the meantime.
BS10 = Specialist Offline Retailer
Completed Sellability Score.
1st meeting completed, next steps discussed.
Promising! Waiting on financials, slowly starting to come through.
BS11 = Hairdresser
Completed Sellability Score.
First chat to be booked.
BS12 SOLD Leading Niche Training Provider
BS13 Specialist Equipment Provider
Completed Sellability Score.
1st meeting led to much discussion and interest.
As a result, a number of options being considered.
BS14 Leading Book Supplier
Completed Sellability Score.
Up to Stage 2. Waiting for financials.
BS15 #1 in Google for This Offering
Completed Sellability Score
phone call information gathering March 19
The “Sellability Score” reports continue to dribble out each and every week.
Calls to make as a result 🙂
Onwards and Upwards!
by theEmother | Mar 14, 2013 | EXIT execution, Finish Unfinished Business, Sell Your Business, SELL your Mother of a Business, Sellability Score
Today, I was talking to a business owner, who had recently completed the “Sellability Score”. When asked why the business was to be for sale, the answer brought a sad, sigh from the owner; joint owner actually.
To explain, the tragic fact of the matter is that the husband has been diagnosed with cancer, requiring so many new and scary decisions to be made. What to do with the business is one of them.
Regardless of their decisions from now on, the shock of the outcome has shaken them to the core. They thought they might hang on to the business as it provides the cashflow but then, do they still need it? It’s also a business that has been around for a long time and for all intents and purposes, is successful. But, but, do they don’t want to give it up as it’s been part of their life for so long?
The conversation came around to there being only two true things you can invest in a business, time and money (thank you Robert Kiyosaki). When push came to shove, they really don’t need the money but of course they DO now want to hang on to the time…
So the decision has been made and the business will go to market.
If you were put in the same situation (heaven forbid), as at today, what decisions would you make? Could you make? If you don’t like the answer, and you still have time on your side, take a good hard look at your business and what you want to do with it, starting today!
by theEmother | Mar 12, 2013 | build a Mother of a Business, Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, Sell Your Business, SELL your Mother of a Business, Sellability Score, so you think you're in business, the business model
The Sellability Score
When you spend a lifetime trying to build a successful business, it leaves little time for much else, including thinking about an exit plan; but even if you are planning to pass the business on to family, you want to ensure you are offering them a valuable business. Whether you are creating an exit plan for the short term or for 20 years hence, it’s never too late or too soon to start understanding – and increasing – the value of your business.
Seventy percent of all business owners in today’s market plan to sell or pass their business on within 10 years. But 76% don’t have an exit plan, and many do not know the value of their business.
A well thought out exit plan can:
- Protect the legacy of your business;
- Build value for your business;
- Provide financial security for your family and your stakeholders;
- Make it easier to deal with any unexpected events (illness, accident or death); and
- Help to prepare you and your business for the future.
The Sellability Score is a highly effective tool to initiate the process of building a plan. By using it as a gauge to measure how sellable your business would be today, it can help you focus on where to increase your efforts within your business. The online tool is quick and easy to use, and it generates a personal report that highlights:
- What you should consider when thinking of transitioning your business;
- How saleable your business actually is;
- The likelihood of receiving a premium offer; and
- What your financial options are.
Click here to access the Sellability Score, with my compliments…
After completing the questionnaire online, you will be provided with a score for your business and a summary of what the score means.
Meanwhile, I will be notified that you have completed the questionnaire and I will receive a copy of the comprehensive report for your business. Once I receive the report, I will set up a time with you so we can meet, review the recommendations together, and discuss any next steps required.
I’m looking forward to discussing your Sellability Score with you.
by theEmother | Mar 8, 2013 | Buy a Mother of a Business, EXIT execution, exit strategy, Finish Unfinished Business, how to sell a business, Sell Your Business, SELL your Mother of a Business, so you think you're in business
If any of these tickle your fancy, please contact me by emailing sell@theentrepreneurialmother.com letting me know which one it is…
BS2 = Online Retailer
More offers received, more expected… just not quite hitting the mark.
The momentum continues to build. What will the crescendo bring?
BS3 Waiting on the Seller
BS6 Waiting on the Seller
Decided to hang on to business and keep working at it
BS7 Online Fashion Retailer
This one moved quickly. A great start-up price for the new business owner. Offer received and accepted.
BS8 Waiting on Seller
Was listed with another but no luck to date
Looking to get it moving but waiting out agreement period
BS9 = Specialist Leadership and Talent Management Provider
Looking to a 2013-14 kick off
Getting all ducks in a row in the meantime.
BS10 = Specialist Offline Retailer
1st meeting completed, next steps discussed.
Promising! Waiting on financials.
BS11 = Hairdresser
First chat to be booked.
BS12 Leading Niche Training Provider
Looks like this one will be SOLD!
Heads of Agreement happening already.
BS13 Specialist Equipment Provider
1st meeting led to much discussion and interest.
As a result, a number of options being considered.
BS14 Leading Book Supplier
Up to Stage 2. Waiting for financials.
The “Sellability Score” reports continue to dribble out each and every week.
Calls to make as a result 🙂
Onwards and Upwards!
