Comments on: Touched a Nerve http://www.builttosell.com/blog/2010/03/05/touched-a-nerve/ Creating a Business That Can Thrive Without You Mon, 02 Jan 2012 19:39:25 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: John http://www.builttosell.com/blog/2010/03/05/touched-a-nerve/#comment-60 John Fri, 05 Mar 2010 19:42:10 +0000 http://builttosell.com/blog/?p=399#comment-60 Wayne: I love your line "selling a business is not a DIY project". Thanks for sharing your results from the RV tour, sounds like a great trip. Wayne: I love your line “selling a business is not a DIY project”. Thanks for sharing your results from the RV tour, sounds like a great trip.

]]> By: John http://www.builttosell.com/blog/2010/03/05/touched-a-nerve/#comment-59 John Fri, 05 Mar 2010 19:40:43 +0000 http://builttosell.com/blog/?p=399#comment-59 Todd: Sounds like you guys offer a great service to business owners. Thanks for joining the conversation. Todd:

Sounds like you guys offer a great service to business owners. Thanks for joining the conversation.

]]> By: Todd Taskey http://www.builttosell.com/blog/2010/03/05/touched-a-nerve/#comment-58 Todd Taskey Fri, 05 Mar 2010 19:30:43 +0000 http://builttosell.com/blog/?p=399#comment-58 If a nerve was "touched" it is because your comments were taken out of context. Anyone reading your blog or book will realize you do not minimize the M&A process or the people (like me) who help businesses position and then sell their business for maximum value. If a nerve was “touched” it is because your comments were taken out of context. Anyone reading your blog or book will realize you do not minimize the M&A process or the people (like me) who help businesses position and then sell their business for maximum value.

]]> By: Wayne Vanwyck http://www.builttosell.com/blog/2010/03/05/touched-a-nerve/#comment-56 Wayne Vanwyck Fri, 05 Mar 2010 16:59:37 +0000 http://builttosell.com/blog/?p=399#comment-56 The process of selling a business IS complex and beyond the understanding of most entrepreneurs. Not because they couldn't learn, but because that's not their expertise. I took a 6 mo sabbatical in 2008 and travelled across North America in a RV and interviewed people who had sold their business. About half used a broker or invesment banker and suggested they wouldn't hesitate to use them again. The other half did it themselves, but were surprized by the amount of work involved and it took its toll on them. Selling your business (even to your kids) is not a DIY project. It's too important a deal to screw up because you were lacking some critical knowledge. The process of selling a business IS complex and beyond the understanding of most entrepreneurs. Not because they couldn’t learn, but because that’s not their expertise. I took a 6 mo sabbatical in 2008 and travelled across North America in a RV and interviewed people who had sold their business. About half used a broker or invesment banker and suggested they wouldn’t hesitate to use them again. The other half did it themselves, but were surprized by the amount of work involved and it took its toll on them.

Selling your business (even to your kids) is not a DIY project. It’s too important a deal to screw up because you were lacking some critical knowledge.

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