Put your Busines Up For Adoption?
September 9, 2008
Over the years, many clients have been surprised by my question, “do you want to sell your business or have it adopted by a good family?” As the import sinks in, I am frequently met by shy smiles and slow nods. In 30+ years of working with entrepreneurs to sell their businesses, I’ve found a goodly number really want the business adopted by a good family. The business has been good to them, and, as they surrender their stewardship over markets, trade relationships and employees, some view a “sale” as an abandonment. It’s harder to find an adopter than a buyer, but when you look intentionally, sometimes you find just what you are looking for.
John Reddish, website: www.getresults.com, business blog: www.TheSuccessionPlanner.com
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