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Poll results

Sponsored by: GoNetspeed, a fiber internet provider

Is it time to sell the business?

Business owners have to think ahead when selling because it always takes more time than the parties expect for the transaction, according to Carrie Green Yardley of Yardley Esq., who is also an advisor for ACE. There are several steps after negotiations are complete and the purchase and sale agreement has been signed. Most agreements contain contingencies that serve as safety valves, allowing parties to back out of the deal if certain conditions are not met.

Are you planning to sell your business?
Yes, I'm planning to retire soon (18%, 22 VOTES)
Yes, I'm making arrangements to check out of the rat race (10%, 12 VOTES)
My children/family are taking over (8%, 9 VOTES)
The business is being sold to employees (7%, 8 VOTES)
There are no plans to sell the business (57%, 68 VOTES)
Poll Description

Sponsored by: GoNetspeed, a fiber internet provider

Is it time to sell the business?

Business owners have to think ahead when selling because it always takes more time than the parties expect for the transaction, according to Carrie Green Yardley of Yardley Esq., who is also an advisor for ACE. There are several steps after negotiations are complete and the purchase and sale agreement has been signed. Most agreements contain contingencies that serve as safety valves, allowing parties to back out of the deal if certain conditions are not met.

  • 119 Votes
  • 2 Comments
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2 Comments

  • Donald Paine
    May 16, 2023

    With commercial loan rates higher than they have been in years and banks tightening their lending it will make it tough for a young entrepreneur to purchase a great business and move it forward. It may be a big challenge right now to find a buyer.

  • May 15, 2023
    The political landscape has evolved and has begun to impact businesses in the area.