“Tips For Selling The Company”
Read this key information before selling the company…
Hello, Andrew Traub is my name.
Back in 1999, I owned a successful computer company called “CompuFlash.” I started it out of my less-than-one-bedroom efficiency on a one way street near the University of Texas campus. I am still amazed when I think back to those days and that people would drive to that efficiency, fight for parking, and give me thousands of their hard earned dollars for a computer I built next to my refrigerator. I was truly fortunate.
The company grew to sales of over $1.6 million. I was proud of it. I had worked my butt off in it. By 1999, I was burnt out. I decided I wanted to move on. I hired a business broker. And then the nightmare began.
I will tell you more about my experience later, but you should know that today I am a practicing lawyer in Austin, Texas. But my passion has always been running a business. Instead of reading law books and articles, I read marketing and business books. All the time. Recently I was approached by a friend with the opportunity to help people buy and sell businesses. I love the idea. I have tons of small business experience, a law license, read contracts every day, have an undergraduate business degree (also from UT – yes, I bleed orange), etc.
So I thought I would put together a website with information about running your own business from A to Z. It will probably always be a work in progress, but I wanted to share with you my experiences in selling my company and offer you my support if you should decide to sell yours.
Sign up and I will tell you my story and what I learned about selling a business.
You Will Discover…
- How do you value and price the business?
- How do you find and qualify the buyer?
- How do you offer the company for sale without the premature release of sensitive and confidential information?
- What and when do you tell employees about the sale?
- What will be the income tax impact be on the proceeds?
- What are the steps involved in properly presenting the business?
- What information will be needed to get the maximum return?
- Will accounting, legal, and brokerage fees eat up a large percentage of the sale price?
- Should you hire a broker or sell on your own?
P.S. – The information is free and will save you tons of hours of research and frustration, so why not sign up?
If you have any questions, please feel free to contact me me directly!