Small business owners often look at their company as their retirement plan—and they may truly believe there’s a big pot of gold waiting for them at the end when they sell their company. Yet, very often, the entrepreneur hasn’t taken the steps to get the plans in place to build to sell (and put money in their pocket).
In this interview with Veronica Dagher on Wall Street Journal Radio, we talk about the biggest mistakes that business owners make (such as “pie-in-the-sky projections”), where automation technology fits in your business’ future and what to look for in a successor. There are many factors to consider that can drastically change the picture of what happens when you sell a business.
Think about it: can you take 30 days off in your business – no cell phone, no email? If you can’t – but you want your business to be able to function without you – listen to my conversation with Veronica Dagher on Wall Street Journal Radio for my tips: http://www.wsj.com/podcasts/selling-a-small-business-avoid-these-mistakes/85567EDA-4E89-43D5-BBEA-A72E515CF00C.html