What would someone have to pay you for your business for you not to come to work tomorrow?

When I talk to business owners about the future of their businesses, I often hear about vague plans to "sell someday when the time and the price are right". Unfortunately the plans go no further and I suspect that some business owners wonder if they've already missed good opportunities.

The attached article from http://www.capitalmagazine.ca/ suggests a new way to think about that "someday". The author, the well-respected and knowledgeable John Warrillow, asks how much money someone would have to pay you today for you not to come to work tomorrow. Click here to read the article. I bet it gets you business owners thinking.

The attached photo is also from http://www.capitalmagazine.ca/ .

Make sure your business isn't a one-shot deal

Is selling your business going to be part of your business and personal estate plan? If so, read this article from the Globe and Mail's John Warrillow on making your business more sellable.

Your strongest suitor may be a customer

When owners of small businesses are ready to retire, they often think of selling their business to "someone". But who is that "someone"? This article by John Warrillow of the Globe and Mail makes an excellent point - that a customer could be a good buyer. Click here to read the article.

How to sell a firm that depends on you

Here is some interesting information and advice from the Globe and Mail about selling a small business that is very much dependent on the owner as an asset of the company. This is a familiar concept to businesses that were built up around one person's area of expertise. Click here to read this article from John Warrillow.

Ready to sell a business? Don't make this mistake

John Warrillow offers some insight on a mistake commonly made by entrepreneurs trying to sell a business. Click here to read the article.