Selling Your Stuff is Different Than Selling Your Business
What does it mean when someone says, “I sold my business?” Is it a real business sale or just a fluffed up, artificially sweetened story?
Why should you care?
From the outside all you know is “Jim sold his business”. But that doesn’t make sense, because you know that the business wasn’t making any money. Does that mean you can sell a business even if it doesn’t make any money
Jim sold his business and he never made a penny. I’ll be able to unload my business when I’m ready, no problem.
“I Admit I’m a Liar – That’s Why you Should Trust Me!”
I admit I’m a liar – that’s why you should trust me! That’s what the business owner said. I was evaluating a business for sale as a potential buyer. The owner’s tax returns showed he made a small profit, but soon after I met him he made it clear that the tax returns “weren’t the real numbers”.