In this podcast Vincent talks about how owner dependency affects a business’s valuation and salability in a very negative way. Almost 89% of businesses are still reliant on the business owner to operate, according to the U.S. Census. This means that the vast majority of owners who would want to sell their businesses have real work to do if they want to see their companies sell for a price that will meet their needs moving forward into retirement or future economic endeavors.
If you are concerned that your company is overly dependent on you and would like some direction on how to make changes that will strengthen it and make it more attractive to buyers, we would love to discuss how to go about doing that with you. Contact Vincent today.