Do These Things and You’ll Maximize Your Sale Price and Cruise Your Way Through the Process
In my previous blog article, I shared my first 3 great tips to selling your IT services company. Here’s my next 3 tips, but first to recap…
Many IT business owners have the dream of selling their business for millions of dollars one day. Unfortunately for many of these business owners, their dream will never become a reality because their business will struggle and won’t achieve the value they hope or worse, their business will go bankrupt. But there is definitely a way you can build your business properly so that it becomes attractive to potential buyers, not to mention that it’s extremely empowering knowing that you have a company that is desirable and ready to be sold on your timeline, not someone else’s.
After 9 successful years, I sold the Toronto-based IT services company that I founded to j2 Global, an $800 million US-based cloud services company. Subsequently, I was personally involved with eight more MSP acquisitions while working for j2. From my first-hand knowledge, I’d like to share my final 3 great tips to make sure your company is poised for a successful acquisition.
Selling your business will be one of the most important events in your life. You want it to go smoothly and you want to be satisfied with the outcome. Take the time to get it right.
For more helpful IT tips and tricks, reach out to our team of technology professionals at firstname.lastname@example.org or (416) 918-9397 .
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