Or perhaps they think they sold too soon. For whatever reason, they come to see the sale as a mistake. If you are hoping to sell your company and want to go the acquisition route, it is imperative that you plan with care. A successful acquisition is done with finesse and timing. As you will see from our conversations with experts, it's a good idea to start planning three to five years ahead of the time you want to sell.
People sell their businesses for as many reasons as they get into business in the first place.
LaFave's dream was to grow his company, and to fuel that growth he turned to outside resources, selling to and joining the PGA team. Terry Scott is principal at Global Capital Markets Inc., an investment group that assists with mergers and acquisitions in the staffing industry. He has seen both sides of the selling issue, because he started his own staffing company in 1985, sold it in 1996, then went into the consultant business. Other people want to retire, or they may have health issues and don't have children or partners who will buy out the business. Others simply receive the proverbial offer they can't refuse.