Yes, I know
how to spell ‘stupid,’ please don’t e-mail me.
I’m cranky
and sore and upset. I’ve got a cold and
an ear infection.
What makes
me more cranky and upset is when I hear the same poor advice about rules of
thumb for pricing small businesses being passed around again and again and
again.
This week I
tell the story of the old accountant who told me once in a workshop,
‘Businesses sell for 5 times their cash flow.
Those with real estate sell, those without don’t.’
Simplistic
rules of thumb like this one guarantee only one thing… mistakes are being made
and it’s costing someone dearly.
I explain
why those with real estate sell, those
without don’t in this video and the answer will make you sick to your
stomach if you happen to be a business owner who could have fallen victim to
this kind of advice. Watch it here: https://youtu.be/ck_AmnOIzDE
If you own a
business and will want to sell one day, you need to educate yourself about how
this process works and give yourself time to get ready.
Learn what’s
involved in selling your small business.
Take my 3 hour online course at www.HowToGetOutOfMyBusiness.com or buy my Amazon best-selling book; How To Sell My Own Business. Available from Amazon.com or Amazon.ca
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 at www.DavidCBarnett.com
I’m coming to Charlottetown, Prince Edward Island in January
2017. My live events always fill up
fast. Find all my live events here: http://davidbarnett.eventbrite.ca
Thanks and I’ll see you next time.
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