Business Owners: Are You Building Something To Sell?
Or do you have practice or a hobby?
Many people tell me that they have a business and want to sell. In reality after asking some pointed questions, it often turns out that they have a practice or are simply “self employed”.
So what’s the difference? Putting it simply, a practice is based around an expert (practitioner / tradesperson) and a business is based upon systems! A business can be though of as a commercial, profitable enterprise that runs without the business owner having to be there. A business can be sold but a practice can’t.
So do you have a business to sell or a practice / hobby? The acid test is “Can you go away for three months holiday and the business still runs without you?” Many business owners build their business around them and make themselves indispensable. This means that not only is the business ‘unsaleable’ but also that the owner cannot take holidays or have a life as well as a business. Typically the business owner is always “on call” for the business either to customer demands or staff if there are any. It doesn’t need to be like this.
Contact me for help to turn your practice / job / hobby in to a business – a business that you can sell at the best price, quickly and easily, any time you want to.
Attend my next workshop on “The 7 Key Steps To Turn Your Business In To A Saleable Asset”More Info & Register