By Michele Walters, Vice President, SBA Commercial Relationship Manager, Core Bank Kansas City
Are you tired of running your business but don’t know what to do with it? Have you ever thought about selling your company but don’t how to start the process? Would you like to pass the business on to a key employee or relative but need money to retire?
There are many reasons why business owners sell their businesses… for some they’re tired and ready to move on to the next chapter of their life. For others, they’re serial entrepreneurs and looking for the next challenge to take on. And yet for others this is their means to having enough money to retire.
Conversely, for every business owner out there looking to sell a business there are entrepreneurs ready to buy.
For instance, individuals that downsize out of large companies who are looking for immediate cash flow to replace a salary. Or serial entrepreneurs that enjoy the thrill of building something great. And still others that wish to control their own destiny.
Whether you’re in the market to sell or buy a business, you should know that there are partners who can help you navigate through the process.
Johnson County Community College in partnership with the Kansas Small Business Development Center is hosting a seminar ‘How to Buy or Sell a Business’ on Thursday, July 27th. Those who are looking to purchase or sell a business, as well as accountants, attorneys, business brokers, financial planners, and CEO’s and CFO’s should attend.
Core Bank Kansas City is sponsoring the event!
At this seminar you’ll learn how to prepare for a sale and how to get the most out of your business. And as a buyer you’ll learn about the purchase process such as finding the right business and what kind of due diligence is needed. You will also learn more about how to finance and negotiate the transaction.
If you’re looking to make a change and capitalize on the many years of hard work you have invested, or if you’re looking to own your own business, this is the event for you!