Have you started thinking about when its time to sell your business?

by 1949jefflee 29. June 2011 12:00

Have you started thinking about when its time to sell your business?

As the owner of a family business, you may have more than a passing interest in the enclosed information.  It could help you avoid one of the primary family business errors.  Since you're a busy person, here's a summary of the information:

1. Less then 30% of all family owned businesses continue into the second generation and only 10% continue into the third.
2. The lack of an adequate plan for orderly succession is the number one reason for the failure detailed above.
3. The passing of the business torch from one generation to another does not come easily and must be a process as well as a commitment.

Jeff@marketmagic.com

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Announcing The Managing Your Small Business Videos

These videos are designed to help you start, manage, and sell your small business. We planning on adding a new video each week with content specifically aimed at the small business person. We think that they will supplement our blog posts in that they will cover similar topics but in a more in depth manner.

Here is the first one, on Reasons to Start Your Own Business

  http://youtu.be/_0PDyYahvEA

The full series can be seen either on Youtube:

http://www.youtube.com/user/CanonVixia?feature=mhee

 or at the Managing Your Small Business Video page:

http://www.marketmagic.com/MarketingMinuteVideos/MarketingMinuteVideos.htm

Please share these with your friends who are small business owners.

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