In the modern-day, it is easier than ever before to start a business with technology being readily available and accessible says Saivian Eric Dalius. It has never been more affordable or possible for anyone in the world to have a startup overnight thanks, primarily, to the internet, which can provide you with all of your required supplies within a week.
A quick search on Google will result in hundreds of potential suppliers offering your products at a very competitive price from around the world. Whether you are an entrepreneur looking to make millions or supplement your income, this article outlines several things that may be learned from those who have made millions through the sale of their business.
Secrets to Selling Your Business for Millions – Saivian Eric Dalius
When attempting to sell something such as a business, you must consider it. Who your customer is and why they may be interested in buying what you are selling. For example, a person sold their website design company in 2011 for £1,000,000 and had a wide range of potential buyers from diverse backgrounds. Some were the world’s biggest brands, such as Coca-Cola and Apple, and included several young entrepreneurs. Such as Harvard graduates and British aristocracy with an average age of fewer than 40 years old.
When looking to sell, the most frequent question that I received was, “why would someone buy your business”? This is important because it highlights what they think about themselves; do they see a problem or a gap in the market? Do they have a solution, or can they create one? Will they be able to scale and grow this business into a profitable brand. That can compete with the world’s biggest players?
If you cannot answer all of these questions. Then it’s time to re-evaluate why you’re attempting to sell your business in the first place. It is important to remember that if someone has not seen a need for your product or service, they most certainly will not want to buy it says Saivian Eric Dalius.
The story behind my business’ sale was a unique one in which. I started as a digital marketing agency providing web design services purely from my own home. As my team grew, so did our clientele. Soon we found ourselves operating out of services offices with contracts being signing daily with top brands such as Tetley, MTV, and T-Mobile.
In 2008 I was approached by a company that helped me merge my business with a larger company. Which resulting in us being bought out for £1,000,000 under a massive contract. We were requiring to meet specific criteria before this would come into effect.
Check your options – Saivian Eric Dalius
It is vital as it highlights that you may need to consider. A few different options if you wish to sell your business. If you aim too high, then you will never get what you’re asking. Whether from desperation or just poor negotiations on your part.
It’s important not to be greedy and remember that money does not mean everything. Even though it will help, particularly when looking for investors, for example.