I had the
pleasure of speaking to a business owner in Toronto while I was away on
vacation. It was just a brief consult done from a park bench in Brussels.
He and the
other owners had become aware of a competing firm that had been acquired by a
larger company and wanted to try to do the same thing.
The
conversation centered around the best strategy… hiring an intermediary, hiring
someone in-house to try to find a suitor, etc.
During this
time, my client made a little comment about how he and the other founders of
the company were working almost 16 hours a day and how they found it impossible
to hire people to help them out.
I made this
recording telling the story and how you can go about fixing it. Listen here (audio only on YouTube): https://youtu.be/9n68EuvNXfw
Needless to
say, it is quite difficult to convince someone to pay money to buy a business
that needs this kind of management engagement.
Proper
businesses have structure, organization and everyone knows what they’re
responsible for and what duties they need to get done. Without this, it’s impossible to grow and it
sure does look scary for anyone looking at buying.
The topic
was very apropos as I’m in the middle of creating my latest workshop; Building
a Business that Someone Will Want to Buy.
It’s going to be presented on October 18 in Moncton, NB and will likely
become an online course.
Please
remember to like and share this article, it’s the only way the people who run
the internet have of knowing if the content is any good or not. The more you
share, the more likely someone who needs this information will be able to find
it.
If you would
like to hear from me weekly before anyone else, you can sign yourself up just to the left of this post. If you need my help with your
project, give me a call at (506) 381-8416.
Do you live
in the Maritimes? I’ve got workshops
coming up on buying and selling businesses in the fall. Book now http://davidbarnett.eventbrite.ca
Thanks and
I’ll see you next time.
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