If you are planning on creating a business that can sustain itself — and be attractive to a buyer later on — you might consider three things that will help you find that measure of success.
What Makes Your Business Sellable?
Posted by
MMarquit under Startups
From http://personaldividends.com 4742 days ago
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4741 days ago
My grandfather built a huge, industrial farm outside of Cape Town, South Africa in the 1900s. By all accounts it was the envy of most farms there. My grandfather, approaching death wanted to sell it and split the proceeds throughout our family. His wife convinced him to pass it down to his son, my father's brother, who had a penchant for drinking rather than farming. He utterly destroyed the business before drinking himself to death (literally) in 1977. And with him went millions of dollars.
My lesson: building a business to be sellable is one thing; knowing WHEN to sell it can be just as important. Oh, what I could has done with that $$$ :)
Yoni