80% of businesses listed for sale, do not sell… but don’t take our word for it…
From Forbes.com-
“EPI estimates that some 4.5 million firms representing more than $10 trillion in business value will transition over the next decade or so, but Snider believes only about 20 percent to 30 percent of businesses that go to market end up selling.”
From Medium.com-
“80% of businesses never sell, so let’s dig into the WHY. Michelle says it’s because it’s not often thought about. “So, the number one reason is a business owner never thinks about selling until a catastrophic event has occurred. Most businesses don’t plan their exit.”
From Oceanusgroup.co-
“To understand why 80% of business owners struggle to sell their business with unique challenges faced by small business owners, lack of proper business planning and preparation, poor financial management, ineffective marketing strategy, and unwillingness to adapt to changing market trends as solutions.”
If you’re a busy business owner considering selling your business in the next year you need to book a call now!
Owning a business is hard work. As a busy business owner you’re…
-Making sales calls,
-Directing employees,
-Managing marketing, accounting and payroll,
-In charge of product delivery,
-and so many other things- with little to no spare time left over for getting the business ready to sell.
It’s safe to say, that owning and operating a business is not the same as selling a business.