Half of founders end up selling their companies against their plans, often due to partner disputes, divorce, or illness. Seventy percent regret the sale within two years. Private equity firms hunt these distressed sellers.
You raise such good points that remind me of some of the statistics that get thrown around a lot, which is half of business owners will be forced to sell when they weren't planning on it. Now, some of that will be opportunistic because something came up, but oftentimes it's disagreement with a partner or divorce or disability or some other disease or something that kind of forces them. So if they aren't thinking with that 10-year mindset so that they're ready when that happens, then, then they really get caught off guard. And then the, you know, sort of corollary to that is, and 70% of business owners that do sell regret it within 2 years. And some folks will say that number is even higher. And, you know, I've heard it said around, you know, private equity that they're shopping for deals like that's why they're out in the marketplace.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
