Be safe and keep faith. Keep your business afloat, make necessary adjustments, be aware of new legal issues and take advantage of new government benefits.
Apply for the Paycheck Protect Program loan with a bank today! Use the loan proceeds for payroll and seek forgiveness of the loan.
Don't abandon hopes of selling. Certain businesses do well in down cycles of the economy creating an ideal market for sale. Essential businesses should continue to operate and generate revenues. Essential business should compare favorably with other businesses in the market. Some "must sell" businesses can be placed on the market using a modified strategy to sell. Stay safe and be grateful for all the blessings in your life. Things will return to normal.
Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.
You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.
The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.
Selling Your Business with David King will help you take control of the sale process and make it positive one.