You know your business is salable when others want to buy it! Be prepared!

Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results.

 

It's interesting that even if you do not have the goal to sell your business, when you're running, this good of a business and this profitable of a business people will offer to buy you. I remember back in my construction days, when we were building homes, we were building custom homes. And invariably during the course of construction, people would drive up even though the house was not for sale, and we were building it on contract for somebody else. People would come up and hand us their business card with a price on the back. And that price was an offer to buy the home. And when I told the prospective buyer that I was not the owner, they would ask me to pass that offer on to the owner to see if they would sell many times that offer was higher than what the business was worth. Sometimes it was lower. So you want to be aware of what your business is worth. Because when you grow this type of business, you will court buyers whether you do it actively or not.

 

Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.