80% of Small Businesses Don’t Sell
10 Reasons why!
- Most business owners are working in the business, not on it.
- Business owners exit because ‘they have had enough’ or want to move onto the next chapter in life.
- Motivation to sell becomes higher than the motivation to succeed.
- Business owners don’t plan ahead.
- Concentration is on profit, not cash flow.
- The quest to make minimise taxation is greater than that to maximise profits.
- Management ‘styles’ don’t change to meet the needs of a growing successful business.
- Limited financial recording and reporting.
- Minimal quantifiable growth potential.
- Low investment return for the capital invested.