80% of all businesses that are put up for sale never get sold
There are 4 main reasons commonly attributed to this:
- Lack of preparation
- Poor financial reports
- Owner reliance
- Unrealistic price expectations
I guess there’s no great surprise there? Being part of the 80% is not compulsory, there are things you can do. Being part of the 20% needs planning and sometimes some help. Read the article here.