It’s no secret that anyone can sell a business in Ohio!
However, can one start and grow a business into a successful profitable venture in less than 24 months from the ground-up to the sky and sell one’s business for 5, even 10x the value of one’s business?
In the back of one’s mind, many entrepreneurs are thinking, “When should I sell my business in Ohio?”
Owners who ponder over, selling their business do not always do so out of financial desperation or trouble but usually because they are looking for the next opportunity or to live a more free life.
Following are three reasons to consider when thinking about selling one’s business in Ohio.
Mike Mausteller is an expert in Ohio business valuations, and he will be able to tell one what their business is worth in today’s climate. There is value in a business but no liquidity until one goes through a transaction of selling a piece or all of one’s Ohio company to a buyer.
Tired of risk
In the early stages of a business, owners are more confident in taking risks, because they do not have much value in their companies yet to lose. Taking chances is essential and beneficial if the owner wants their business to grow beyond the initial stages.
However, as one’s company grows, so does the value – and owners become more conservative fearing greater damage than when it was smaller, therefore one may find one’s self following the footsteps of the customers Mr. Mausteller serves now, by just starting out on Google News and finding this release after searching for how to sell a business in Ohio.
It’s hard to trust others.
Owners who are older no longer have the luxury of time to spend years on damage control, fixing bad strategies, so they avoid those risky situations that could lose their company. Business owners should always be looking to exit their investments. Not because the company may be in a bad place but because it is a smart business decision.
Time For Change:
Although a chance at liquidity is a good reason for an owner to decide it’s time to sell a business in Ohio, it may not be the only reason. After dedicating 15-20 years of time, energy, and resources into building a thriving company, CEOs and founders may find themselves ready for retirement, or an owner may be ready for some change and seek a new opportunity. That could be motivation enough.
A good entrepreneur is always looking at their options going forward. Time is always a risk, and the more time one’s business is out there, the greater risk one has. Before one gets answers to ‘how to sell a business in Ohio’… as an owner one has financial goals one is continuously striving for and this applies to selling one’s Ohio business, as well.
Things to keep in mind when thinking of selling an Ohio business are:
Timing Of The Sale –
Getting one’s company ready to sell (audited financials, the right technology, a good executive team, and a great Ohio business coach, Mike Mausteller, etc.)
Finding The Right Potential Buyers:
Selling a company is not always only about getting the best price.
If the firm is entering into a deal in which they are only selling a percentage of their business and will continue to be engaged, then other kinds of factors are equally important as the price. These factors include the caliber, the reputation, the references, the culture, the chemistry, and the trust of the private equity firm or another type of firm they are going to partner with.
The mindset of an owner selling a business in Ohio, should not be obsessing over the last few dollars of valuation but rather focused more on the quality of people they will be partnering with as a result of the sale. This is the biggest mistake business owners make in scenarios where they intend to roll over significant equity.
Remember, once the deal is done, one has to work with these people.
Make sure they are the right match for one’s company no matter what price they are offering for a piece of one’s business.
The Final Piece Of Advice:
Plan one’s exit strategy with Mike Mausteller, and be ready when the timing is right to pursue the company’s maximum value. Sell it on one’s own terms rather than the market’s terms.
Hopefully, one’s inspired to sell a business in Ohio, and with the help of Mike Mausteller Ohio’s #1 business coach and facilitator you will be able to ensure top dollar from investors and potential buyers now and in the future.
When we asked Mr. Mausteller why he’s the best choice for helping one sell a business in Ohio, he said: “After years of developing over 12 brands, creating massive markets, and managing and building sales teams from the ground up for Fortune 500 companies, I have found my passion in helping level the playing for small and medium-sized businesses looking to get better established, or breakthrough barriers and even sell or transfer one’s business.”
Company Name: Buckeye Business Performance
Contact Person: Mr. Mike Mausteller
Email: Send Email
Country: United States