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logologologo
  • Home
  • About
    • Our Process
    • Why I wrote the book on Being a Business Broker
    • Who is Ed Legum?
    • Getting Started
    • Careers
  • Selling
    • Seller Registration
    • How To Sell Your Business
    • Valuation
    • Industries
    • Download Free Whitepaper
    • Financing the Deal
    • Seller FAQ
    • Sellers Blog
  • Buying
    • Buyer Registration
    • How To Buy A Business
    • Financing the Deal
    • Buyer FAQ
    • Buyers Blog
  • Contact
  • Home
  • About
    • Our Process
    • Why I wrote the book on Being a Business Broker
    • Who is Ed Legum?
    • Getting Started
    • Careers
  • Selling
    • Seller Registration
    • How To Sell Your Business
    • Valuation
    • Industries
    • Download Free Whitepaper
    • Financing the Deal
    • Seller FAQ
    • Sellers Blog
  • Buying
    • Buyer Registration
    • How To Buy A Business
    • Financing the Deal
    • Buyer FAQ
    • Buyers Blog
  • Contact
June 27, 2012 by Edmond Legum Selling a Business 0 comments

When Is A Company In Trouble?

Companies can be in trouble or headed for it for many reasons.  However, most of them can be linked to one or more of the following:

• Lack of proper focus
• Poor management
• Poor financial controls
• Loss of key employee(s)
• Loss of important customer(s)/client(s)
• Not keeping up with technology
• Quality control or other operating issues
• Legal or governmental issues
• Target market change or shift
• Competition

Unfortunately, by the time a business owner realizes that the business is in trouble and recognizes why, it may already be too late. The obvious solutions are to either fix it or sell it.  The decision should be made quickly, since time may be of the essence.

Unfortunately, too many owners of privately held businesses wait too long.  A decision to sell should be made when the business is doing well, not when it is in trouble.

Now may be the time to check with a professional intermediary to see what you can do to prepare your business for sale.

What Sellers Don't Expect When Selling Their CompaniesPrevious Post
What Are Your Company's Weaknesses?Next Post

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