Small Business Marketing Tips

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Monday, September 05, 2005

What The Bank Manager Said When Buying A Business

I sold one of my small businesses to a senior banking executive. I remember the comment he made just before signing the contract. It was something like this:

"I have seen so many people buy a successful business, rush in and change everything and then lose everything."

He went on to add "You are running an extremely profitable business, so you must be doing something right. I am not going to change anything, probably for at least a year, or until I find better way to do things."

He kept his word and the business continued to perform exceptionally well. Eventually he did make changes, but he did it from a position of knowledge... and with understanding of the market requirements. A smart cookie!

The truth is; most people don’t like change and the Bank Manager understood this from experience. When selling a business, the transition from existing owner to new owner is critical. It is always important to make sure that customers and clients remain with the new owners. No customers...no business!

I wrote the "Sell Your Business The Easy Way" ebook, because I want small business owners to have more chance of coming out on top, both financially and personally. To do this, before starting down the business selling path, I suggest that you think carefully - should you sell your own small business or should you employ the services of a business broker? My ebook can help you to make the best decision.

'Sell Your Business The Easy Way' can be downloaded almost instantly
at http://www.instantsellbusiness.com