Jun 9, 2020
Watch the video or listen to Robert Hirsch in the Podcast.
Entrepreneur, Investor, Speaker, Artist
Expert Business Broker Robert Hirsch Gives Tips on The Perfect Time to Sell A Business
Selling a business requires a great deal of timing. Business owners should know the right time to sell a business, and it can only be determined by factoring in the art and science behind it. There are fundamental questions to reflect on, according to Robert Hirsch, such as ‘Am I here? Am I clear? Am I really into my business? Am I serving my corporation, or does my business serve me?’
A business should be a vehicle to time and financial freedom.
Business is thriving when a business owner is not tied in it; when
a business owner gets to enjoy time and financial freedom with
minimal efforts. Tyler
Tysdal, the co-founder of Freedom Factory, defines freedom as
doing what you want when you want, with whom you wish to, and as
often as you wish. If the business does not define the kind of
freedom mentioned above, then it is not yet high time to sell it.
Selling it prematurely won’t increase its sale value.
Prepare Your Company To Be Ready to Sell Using the Strategies of Seasoned Entrepreneurs
One of the many questions that come to mind when trying to sell a business is, ‘how to get the company ready to sell?’ selling a business can be done in many ways. However, business experts Robert Hirsch and Tyler Tysdal stress the importance of knowing if it is the right time to sell and whether a person is operating a business or a job.
However, knowing whether a business is indeed a business or a
job can be a tricky thing. Robert Hirsch of Freedom Factory said
that “do not show up for a week or so and watch how the business
performs.” If the income remains the same, or the business
increased in revenue, then that is a business. If the company
didn’t perform well, then that’s a job right there.