Posts by Chad Peterson

Three Important Keys to Being a Successful Business Owner

We are each unique. We have our own DNA, characteristics, and personalities. We are shaped by our individual life experiences and the things we’ve learned.  Regardless of those differences, there are three things we all need to build a business into a success story.   Good Communication Skills The ability to communicate is essential.  A…

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When Is It Time to Sell Your Business? Part 3

Do these reasons indicate the best time to sell for you? Industry overview To know the future of an industry, it helps if you have a genie in a bottle to tell you the answers. If the industry is heading in a bad direction, it is time to evaluate the options though it would be…

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When Is It Time to Sell Your Business? Part 2

These might be additional reasons the timing might be right. Health A sale is sometimes necessary due to the health of the owner.  Structuring a deal for a quick sale due to the owner’s health does not have to be for a lower price. A seller can set up a low down payment and an…

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When Is It Time to Sell Your Business? Part 1

A business owner can spend his entire career developing a business. It’s his “baby.” Selling can be the most difficult decision a business owner will make. It is filled with emotions similar to sending a child off to college or giving a daughter away at her wedding.  The timing and reasoning for selling must be…

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