When you want to sell your house, you call a real estate broker; when you want to sell your company, you call a business broker. There can be a LOT of pitfalls out there for those trying to sell their businesses on the own. Tell the wrong people that you are selling, and you end up with employees fleeing, vendors panicking, and your competition having a field day.
In this episode of The LIPN Podcast, we talked with Hal Fuchs of The NYBB Group on what business owners need to know when thinking about selling, why people sell and to who, and some of the most common mistakes that people make in the process.