Author: Mike Finger

Why are Small Business Sellers So Crazy?

It was an interesting way to start an interview. Why does everyone selling a small business go nutso? I wish I could have challenged the assumption of the question, but I couldn’t. As anyone who has tried to buy a business knows, a high percentage of business owners go whack-a-doodle when they try to sell their small business.

High Profits Required to Sell your Business?

I’ve been looking at a lot of business broker websites recently, and one really stood out. The website highlighted the broker’s great success. They claim an almost 90% sell rate on their listings, compared to an industry average “below 30%.” They say they sell more of their listings than anyone else in their region.

Your Gear Can Sabotage Your Small Business Sale

20 years was enough. Bill was ready to sell his auto repair shop. At least he thought he was. Bill loved his business, but I didn’t – and neither would potential buyers. The business did decent revenue, and showed a reasonable profit for the market it was in. On paper it was a sell-able business. But during our walk-through of the shop, I was struck by how crowded the space was.