If you are like most entrepreneurs, you are building your business primarily to give yourself a job. This is true not only for baby boomer entrepreneurs, but entrepreneurs of all ages. If you are currently, or hope to be, one of the owners of the 23 million businesses in the U.S., and don't want to explore being able to build a business you can sell to someone else, this book is not for you.
However, if you want to maximize your options, this is the book you seek. If you want to be the 1 out of 100 business owners who have something of value that someone else would want to buy, this could be the book for you. If you are tired of the typical chaos of small business or you are tired of the business practices that make most service businesses unsellable, you may want to look over the shoulder of Alex Stapleton, the owner of the business discussed in this book. Learn why building a sell-able business might be your best option.
Following Alex through this fictional account as he learns how to build systems and a management team will expose you to new options. Even if you are already a fan of E-Myth's Michael Gerber, you will gain new insights on how to “work on your business and not just in it”. Through his story, author John Warrilow shares the benefit of much experience in actually doing what he teaches you to do in the book. You will learn what to do, how to do it, why to do it, when to do it, and how to handle situations with conflicting priorities. He even gives you an “8 Step Model For Selling Your Business” in the recap of what you should learn.
As baby boomers, a new business may be the best bet for a comfortable retirement. If you are already a baby boomer entrepreneur looking to downsize and form a different business, this book may help you. If your goal is to get freedom with your time, I recommend you take a look. You might even only want to sleep better knowing that you could sell your business if you want to do so.
READ Built To Sell if you want to know:
1. How long it will take you to prepare your business for sale.
2. How to find prospective buyers.
3. How to avoid being taken advantage of by your advisers or your prospective buyers.
4. How to reward your management team for helping you build a sell-able business and make them willing to stay with the business when you leave.
If you are a baby boomer entrepreneur, you will be delighted to learn how to turn your business into one you can sell. Of course, this is true for entrepreneurs of all ages.
For more videos and more information, see my Squidoo Lense: Baby Boomer Entrepreneur, Do You Want A Worthless Business?