Select Page

Business Seller's Foolish LiesWhen reading a prospectus or offering memorandum about a business for sale, it is not unusual to find multiple untruths, or in some cases even ridiculous claims made by the business owner. Such false claims only serve to substantiate the dismal statistics regarding the unsuccessful sale of businesses in North America . According to Richard Parker, President of Diomo Corp., it is estimated that only 20% of the businesses for sale ever close a deal. Ever.

For the other eighty percent who’ve worked tirelessly to start and grow a business it ultimately may mean letting their employees go, selling off assets for pennies-on-the-dollar and closing their doors.   Read more…

Rate this post!

Follow me

Holly Magister, CPA, CFP

Holly A. Magister, CPA, CFP®, is the founder of Enterprise Transitions, LP, an Emerging Business and Exit Planning firm. She helps entrepreneurs assess, re-align, and accelerate their business with the intent of ultimately executing its top-dollar sale.
Holly also founded ExitPromise.com and to date has answered more than 2,000 questions asked by business owners about starting, growing and selling a business.
Follow me
LinkedIn1.9k
7k
Facebook1k
RSS2.9k

Exit Promise Invitation

Your email has been accepted. Welcome!

A user with this email address has already subscribed.

Weekly Updates