Selling your business could be a big step for your future. Whatever the reason for the sale, here are 11 important things to consider prior to signing the deal with your buyer.
The Young Entrepreneur Council
The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. The YEC provides entrepreneurs with access to tools, mentorship, and resources that support each stage of their business’s development and growth. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.
YEC members are the young media personalities, thought leaders, and founders behind some of the world’s most successful companies and nonprofits, including LivingSocial, iContact, Grasshopper, Startup Weekend, Threadless, Reddit, Justin.tv, Behance, Modcloth, 2tor, and College Hunks Hauling Junk.
Small business teams are becoming more spread out as the amount of remote workers is on the rise. You may want to consider a company retreat to serve as a bonding experience for your team. Here are ways you can pull that off without breaking the bank.Aug 5, 2015 359 Shares
Entrepreneurs sometimes hear the advice that you should not compete on price alone. But in the end, pricing your product or service is important. So here are some tips to get you to the price you should be asking for what you do.Jul 8, 2015 671 Shares
Big salaries aren't the only way to attract top talent. Plenty of companies have other perks too to attract the people they need and retain them for the long haul. From opportunities to work abroad to training opportunities and even company wide BBQ, there are many ways to lure the employees you want.Jul 2, 2015 1.8k Shares
Entrepreneurs work hard and wear many hats. But sometimes the demands of a growing business become too much for one person to handle. Fortunately, there are options to delegate some of that work -- the stuff you don't really have to do yourself -- so you can focus on what's really important.Jun 15, 2015 576 Shares
What does it take to serve on your board of directors? Members of the Young Entrepreneur Council community answer the question: “What should I consider offering executives to join the board of advisors at my company?”Jun 12, 2015 519 Shares
Nothing is scarier to an entrepreneur or small business owner than sales that have leveled out or, worse yet, are falling off. Fortunately, there are quite a few approaches you can use to bounce back.May 18, 2015 946 Shares
Buying a business or having your business bought is a huge milestone for any entrepreneur but beneath all the excitement and enthusiasm are some realities you had better be considering.May 11, 2015 494 Shares
Technology is constantly changing the face of business and small business. These industries are worth watching in the future as a result.Apr 8, 2015 1.7k Shares
The Young Entrepreneur Council gives Small Business Trends readers some key tips on effective "cold email" strategies that won't put off potential customers in the future and actually generate business.Mar 19, 2015 1.6k Shares