It’s hard to know exactly when is the right time to sell a business, and making an exit isn’t always the right thing to do. James Schramko from SuperFastBusiness.com certainly knows a thing or two about timing an exit. This week, we’re going to be discussing when it’s the wrong time to sell. We’re going to explain some reasons why you shouldn’t be selling your business, and how you can prepare yourself when the time is right. You won’t want to miss it.
What You’ll Learn From This Episode:
- James’ first entrepreneurial ventures and what he learned from them.
- Why James didn’t sell his SEO service business or his web design business.
- How you can tell when it is the wrong time to sell.
- How you can tell when it is the right time to sell.
- What advice James has for someone who is considering an offer.
Ace Chapman from AceChapman.com is certainly an expert in brick and mortar commodities. Justin Gilchrist of Centurica, on the other hand, is a wizard in the world of online businesses. In this special episode of Digital Exits, Jock invites Ace and Justin on the show to have a spirited debate about the advantages and disadvantages to buying businesses online and offline . You won’t want to miss it.
Ace Chapman is a specialist in buying online and offline businesses. At the age of nineteen, he purchased an online stock market simulator site that he grew from about 10,000 members to over a quarter of a million members in 70 countries. He has since bought and sold over a dozen businesses.
Jim Wang is a longtime entrepreneur and personal finance blogger. He went to college in Pittsburgh, Pennsylvania and started making money by selling trucker hats to students that wanted to look like Ashton Kutcher. After years of hard work, he eventually sold his blog for a reported 3 million dollars.
Matthew Paulson is a web content whiz. He started writing about personal finance as a hobby while holding down a corporate job. He eventually started an investment business center, quit his day job, and began writing a premium newsletter with over 69,000 subscribers.