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Friday, 23 May 2008
 
 

Selling a Small Business

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Selling a Small Business

Statistics show that among all small businesses, only a third of them make it through the second generation and among those that make it, only a third makes it through the third generation. Given this, most business owners consider selling their businesses rather than passing it to their children who may be interested in doing something else with their lives. Apart from allowing business owners to award their children with the freedom to pick their own careers, selling their business also allows them to maximize the value that they can get for the business. This is mainly because they are selling their business while it is still performing very well.
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