Jul 23, 2025
3 min read
Understanding to sell your company you can have a big difference in the price you will receive.
My uncle lost $ 14m by treating his business as a 'child' - this is the lesson that every founder must find out that you can know when you sell your company to make a big difference in the price you get.
From Tom Gedhil changed Chelsea-Brown
- Treating a company as a "child" can create opportunities for making or achieving.
- Each company has a life cycle.The owners must decide how to increase new growth before growth begins to slow down.
- Looking forward to the grocery, it is difficult to find the right buyer of Calleria and it is also difficult to get organized funds.
Comments presented by their own committee.
When I grew up, my parents were in the hotel business.In fact, they had three hotels at one point.My father died when I was pretty young and my mother continued to do the hotels.She did it well, but she soon noticed that the three hotels were too much for her, so she sold two of them.
He continued to make a big investment in the remaining hotel. He expanded the dining room and introduced "aroused steak", which was a big blow at the time. He really renovated the "tap" space and introduced daily entertainment to the customer.-Gadis!
Related: Something I want to know before starting a business
Other age generation
As if it were not intended to play a second generation role in this business, my second generation decided to get the highest salary.
After some studies, I had a tailor in Hong Kong and I didn't implement it, because I couldn't imagine this extent to me my mother's hotel in my last analysis.
My uncle is my mentor
My brother, Ken's sister, has a successful paper distribution business.In 1959 he would pull out maintenance and I brought a bag to the house.
When I left College and I went to Boston, I decided that if I was planning to follow my business, I needed a business mentor. My mother left me when I was young, and my mother never worked with me.
One evening I met him in his office and asked me to wait when I finished a meeting.The office walls were not all right on the ceiling and I could hear their conversations.They were talking about buying my uncle's company.One of the men "is worth your company for a equipment, and we are grateful for $ 250,000. Since then the company is worth $ 14 million - and now worth $ 250,000!"
Related: About the sale of your business.What do you know?
This is a very true story.
Cycle Business Life
Let's talk about the classic life cycle of Enterprise. The number of years is highly dependent on the specific industry. In a rapidly changing industry as high technology, the time of starting to decompose can take several years, while a slow -changing industry as insurance can take many years.
Each company level has been reached, and they must attend the capital and monitoring appropriate operational in income.It can. Company wants more to accommodate additional support and executives.
The priority of the stomach of the stomach, which slows down slowly (but still grows), which can be maintained at the new level of development.
Related: The study shows that entrepreneurs like their businesses as children
If the owner has decreased as long as the growth of business, finding an actual purchase, but also harder to earn money for organic development.
