Yesterday a banker friend of mine related a transaction he is financing using an SBA 7a loan in which the Buyer just walked into the Seller’s place of business and asked the clerk if the Owner would consider selling. According to my banker friend, the Seller has left a LOT of money on the table by not understanding how his company should be valued.
Engage professionals. A very accomplished businessman once said, I do what I am good at and I pay other people for their expertise. This way, I do not have to waste time learning how to accomplish something and possibly losing money in the exchange. Call us for a consultation.