The importance of finding the right team to market your business throughout the M&A process is extremely important. In this blog Cole Strandberg discuss how selling your business can often be a once-in-a-lifetime opportunity, so when that opportunity comes make sure it’s executed properly.
When the owner of a collision repair business is interested in selling their company, questions related to employees often come up. When do I tell my employees about the sale? How do I deal with rumors? How do I alleviate their fears about what the sale means regarding their job security, seniority or other changes?
The pandemic has caused many business owners to reconsider their long-term goals of owning and operating their businesses. Shutdowns and personnel shortages have clearly been a drain on many, while severely impacting financial performance and their ability to effectively service customers. If you are considering selling your business, there are items you must consider.