The Time Is Now

Selling a Business[2:27]A business might experience a wide range of events. Thus, the first reason to sell a business is to protect against the unknown.[5:16]If you're holding on to your business for your kids, they don’t want it. According to research, just 2% of businesses effectively transition from one generation to the next because the children don't want it, aren't qualified for it, or don't know how.Private Equity Company[10:04]The environment of acquisitions goes from the least appealing company, which has the most risk, is an owner-operated company.[11:17]When you work in private equity, businesses across all industries with revenues above $10 million and profits over $2 million are usually acquired for 15.4 times profits. Simply increasing the company's profitability and sales will enable it to attract customers of a different class.[16:37]They also frequently employ another tactic known as a roll-up. A roll-up means that we'll buy a ton of businesses, some of which may be competitors and others whi