23 Aug Around the Web: A Week in Summary
A recent Forbes article entitled “The Question Every Owner Should Ask: Is Now The Right Time To Sell The Business?” explains why choosing to sell sooner is actually better in a lot of ways than putting off a business sale for a few years. The author goes on to explain how when exits are planned for some arbitrary point in the future, owners often never seem to make it there, ending up wanting to sell but never actually selling. The article goes on to explain five important reasons to consider selling now:
- You May Be Choking Your Business
- Money is Cheap
- Timing Your Sale is a Fool’s Errand
- Cyber Crime
- There is No Corporate Ladder
Being an owner gives so much power over the path a business takes, whether it’s a sale or acquisition or even the owner staying on to work on the business for an extended period. The beauty of this is that the owner has the choice over whether or not to sell, but also the choice on what to do after. Starting another business is a common route to take for successful first-time entrepreneurs after an exit, so the sooner a sale occurs, the sooner they can get started on another business.
A recent podcast from Divestopedia.com entitled “How Great Entrepreneurs Exit Their Companies on Top” examines how entrepreneurs are able to exit their companies successfully and stay on top of their entrepreneurial game in the end. Author and former INC. Magazine editor Bo Burlingham speaks on personal and business success and how a proper exit can drive both of these things.
Bo speaks about business, motivation, success, and more in this podcast that is well worth the listen.
A recent article posted on the Axial Forum entitled “The Strange Reasons 4 M&A Deals Failed” gives four stories from M&A advisors regarding why deals that they had been a part of failed. From deals falling through due to completely unfounded similarities to companies in other industries to sellers withholding their criminal records, unfortunate weather conditions, emotional advising, and more, M&A deals can fail for a number of reasons.