How Do I Avoid Botching the Sale of my Business?
May 3, 2022 12:23 am
Q: It’s been on my mind to sell- how do I avoid botching the sale of my business? JT says: With so much at stake, it’s a common fear. After
Buying. Selling. Mergers. Acquisitions. These are the #1 trend in today’s restoration industry, and that trend isn’t likely to change anytime soon.
Have a question about M&A? This monthly column is here to answer those questions and help you make informed decisions about your business.
JT Kraai has more than 20 years of experience as a broker and consultant, and has brokered hundreds of deals in the restoration industry. He is here to answer YOUR questions!
Email him at jt@exitstrategies360.com
Serving exceptional restoration clients nationally.
Q: It’s been on my mind to sell- how do I avoid botching the sale of my business? JT says: With so much at stake, it’s a common fear. After
JT says: An owner’s mindset is the hardest thing to replicate in business. With equity (real or phantom), key employees work harder, are more accountable and make better decisions- all contributors to
Q: A key employee wants to buy my business but doesn’t have that kind of money. Any good options? JT says: Yes, options exist. With solid financials, many SBA-backed lenders will
Q: I get 1-2 inquiries a month to buy my business, what’s the best way to respond? JT says: Your response depends on what you want. A recent poll indicated more
Q: Industry consolidation has me thinking about selling. How will I know when the time is right? JT says: There are two key factors: you personally and the business itself.
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