Tip #5: Business Owners Who Do It All!

Tip 5-Walking on a tight rope while juggling and spinning hula hoopsSome businesses can’t survive without the owners trying to do everything themselves. And they have no key employees to help manage the operations.

Buyers for businesses like these may be concerned if they themselves can’t replace the skills and experience of the owner. As a result, these businesses may have very little value to anyone else.

Business owners who don’t delegate need to make a strong effort to have experienced key people in place before they ever try to sell their companies.