BUYING OR SELLING?

Not a week goes by that someone doesn't call me to talk about either selling their company or they are interested in buying another company. Usually the conversation stems around the question--WHAT IS THE MULTIPLE FOR BUYING OR SELLING A COMPANY TODAY? While that is a great question, there are several ways to arrive at the answer.

At the risk of being chastised and banished to the back row, I want to advise you of a webinar we will be doing on THURSDAY, APRIL 24, AT 3 PM EASTERN TIME. I'll be joined by industry professionals, Jean and Steve Hanson along with Sharon Cowan. All of us have had experience in both buying and selling janitorial service companies and hopefully can give listeners an insight into this exciting part of the industry.

Our topics will include among other items,

--What to consider when buying a company

--How and when to prepare to sell your company?

--Should you use a broker?

--How is value determined when buying OR selling a company

--Different ways to get paid when selling

--Mistakes we made and how to avoid them

--What are some of the terms used in the process

--Planning for the afterlife when selling

--The due diligence process

Someone once told me that you WILL get rid of your company one day. You will either sell it, go out of business, or die, but you will be parted from your company at some point. I never really thought of it that way but it is true, isn't it? At some point, our business will no longer be in our hands, either through our choice or others.

You can register for this great  learning opportunity by going to thejanitorialstore.com/products/item943.cfm. It could just be the most important hour you will spend this year on behalf of your business life.
I'm looking forward to the event and hope that as many as possible will join us.

Don't forget to listen to our FREE weekly pod cast at www.tripodcast.com. This week our subject is We Can Do That.

Till next time.