If you’ve been in business long enough, chances are you’ve received some unsolicited interest in your business. By “interest” we mean someone is expressing an interest in perhaps buying your business. It likely came in the form of a letter that was either physically mailed or emailed or from a phone call. These letters and phone calls often come from intermediaries so the actual person who might be interested in buying your company has their identity hidden. Do you welcome these solicitations with open arms? Do you avoid them like the plague…or COVID? Likely you’re somewhere in between.
How Do I Get Over The Fear/Downside of Starting/Buying My Own Business?
Have you ever seen the movie Rudy? It’s based on a true story of a young man whose biggest desire was to play football for Notre Dame. As with any great story there are many obstacles for our hero to overcome including his limited physical abilities. Perhaps the most challenging obstacle that Rudy and many of us face is the doubters around us who tell us we’re crazy for thinking something is possible or that it can’t be done. It’s often easy to give into this fear of failure and start to doubt ourselves.
How Do I Turn Over Rocks?
One of the things we help our clients do is buy companies. We usually start the process off by having our clients “turning over rocks.” Those “rocks” can include everything from talking to business brokers to responding to online listings or ones in the newspaper to sending out unsolicited letters to a target group.
How Do I Make A Backward Plan for a Post-COVID-19 World?
One of our new mantras has been to “embrace the forced changes” and apply them to your business. Don’t waste time and energy fighting the changes and pining for the way things were.
How To Reinvent Your Business Into An Essential Business
We are all continuing to learn a lot during this COVID-19 outbreak. One of the more interesting takeaways from this entire scenario is the definition of what’s an “essential” business. During the show we talked about how “essential” businesses and operations are defined in our home state of Ohio which has been one of the states at the forefront of the coronavirus response thanks to the leadership of our Governor Mike DeWine.
Have You Thought About Buying A Company?
People love deals! Picture meeting someone new asking you what you do for a living and you telling them that you are in search of a company to buy.
How Do I Know I’m Ready To Sell My Business?
In This Episode So are you ready? How do you know? One of the biggest life decisions for any business […]
How Did Jack Buy His First Company?
In This Episode If you’re an avid listener of Dirty Secrets of Small Business, or if you know us off […]
How Do You Know It’s Time To Sell Your Business?
In This Episode If you’ve been in business for a while, chances are you’ve gotten some unsolicited phone calls, emails, […]
How Did We Get to 100 So Quickly (Reflecting on 1st 100 Episodes)
In This Episode Kids grow up so fast. It’s hard to believe our “kid” the show Dirty Secrets of Small […]