Selling a business has never been an easy decision, especially if you have learned to love your company. It is more like selling a part of you. If you have come to love your business, but you are left with a decision to sell it, one of the things you should make sure is to sell it at a maximum possible value, and one way of doing so is by transitioning your business from a job into a business.
Many businesses are not a business but a job. What this means is business owners have to be physically present at the entire business operation, or else the sales would go down. If your company functions more of a job than a business, then you should first transform it into a business because that’s the sure ticket to closing a great deal. If you are not sure what you have right there, then perform the litmus test – do not show up for several weeks and assess your business performance. If it continues to make revenue, then you got a business. If the sales go down, then what you have right there is a job.
Transitioning Your Company from a Job into a Business
If it so happens that your company functions more of a job than a business, then you need to think of ways to transform it into a business because it is the sure way to make your business more valuable. You could sell it up to five times earnings plus multiples, and even more. If you don’t know how to do it, then you should contact Freedom Factory.
What is Freedom Factory?
It is a business brokerage firm founded and managed by Robert Hirsch. What it does is it specializes in selling businesses and ensuring that you get to market your business at a maximum value. Many business owners don’t know that they can sell their business more than what it worth. It’s just a matter of using the right strategy, and it is what Freedom Factory is expert at.
Robert Hirsch is a business guy. He knows the ins and outs of business and does know the right methods to use to increase company valuation. It does not matter what industry you are in. It is all about company size and the capability to transform it from a job to a business. Doing such can increase the pool of buyers, which will surely have a dramatic impact on your sales price.
If you are planning to sell your business and feel like you couldn’t do it on your own, then do not hesitate to contact Freedom Factory. Robert and his team will be more than willing to help you with your concerns.