BUSINESS MINDS BLOG

5 Major Considerations Before Selling Your Business

5 Major Considerations Before Selling Your Business

Running a business can be a welcome challenge and a great source of income; however, when you’re ready to sell your business, it can be a completely different story. Due to various reasons, it can be difficult for many business owners to maintain longevity and pass their companies on to the next generations. Therefore, it’s more common to sell your business, than to keep it going.

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SPIRIT OF AN ENTREPRENEUR

SPIRIT OF AN ENTREPRENEUR

  • Posted: Jan 21, 2016
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SPIRIT OF AN ENTREPRENEUR

An entrepreneur must be willing to risk everything he or she has in order to achieve success. They risk failure everyday for just the chance to succeed. They must be willing to earn less, risk more, work harder and stay optimistic in the face of total disaster.If you stick with it, work hard and refuse to give up, you’ll have more self-respect, more freedom, more security, and eventually more wealth than you ever thought possible.A publisher of a national business magazine once told me Houston was unique in one certain way.  He went on to say that going broke here didn’t carry the stigma it did in other cities. I think we Houstonians realize that for entrepreneurs; failure provides a learning curve and a chance to start over.   If you don’t take risks you will always work for someone who does.It’s not a crime to fail, it’s a crime to not try.If you’re having some difficult times and wondering if you’ll make it, trust me, there will be more difficult times in the future; it’s just part of it.  But if you stick with it, work hard, and refuse to give up, you’ll have more self-respect, more freedom, more security, and eventually more wealth than you ever thought possible.  It’s up to you. On the other hand, if the worst thing that can happen to you is that you fail, you can damn sure be rest assured you’re in “good company”.  And after all, here in Houston at least, it’s even admirable. An entrepreneur would rather work 80 hours a week doing something they love verses 40 for someone else.

 

Remember…
God’s Delay Is Not God’s Denial

Written by:    Dominick Caravella, III, President of Del Lingco International, Inc.

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7 Questions To Ask Before Selling Your Business

7 Questions To Ask Before Selling Your Business

Ready to sell? Already dreaming of your retirement home at your desk? While selling your business may be the quick route to retirement, you want to be sure you’re getting a fair price and taking care of your employees along the way. Here are seven simple questions to ask yourself before you decide to sell your business. Continue reading

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