When we speak with entrepreneurs a common misconception is that owners think they can sell their business whenever they feel like and that there will be buyers lining up to give them money. This is unfortunately not a realistic assumption. In fact, statistics from the US site Bizbuysell, has established that only roughly 20% of businesses that list for sale ever sell. That is some really overwhelming numbers. That translates to around 2.16 million businesses in the US, and 1.25 million businesses in Europe that will never sell.
There are some main reasons why this happens and things that you can make sure to take care of to avoid this issue, and we run through all of this in our 4-hour workshop that we do with successful company owners. The best way to see if you qualify is to go here to schedule a Free 60-Minute Business Valuation Session.