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Tyler Tysdal and Robert Hirsch Discuss the Single Mistake Entrepreneurs Should Not Make When Selling A Business

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The process of selling a business is straightforward – find a buyer and sign the deal. However, this is not always the case. In reality, the majority of business owners struggle to sell their business. They have a hard time finding the right buyer, which makes them resort to the most accessible option – sell the business lower than the market value.

One of the reasons the sale didn’t push through is making things complicated. Do not make things complicated for the buyer as it is a major red flag from a buyer’s perspective. Keep everything simple – it’s the number one rule when selling a business. Some companies have their own lingo, something different from the usual. It is to make their business different from the rest. Although the intention is good, the result is not always the same. It can make things complicated the moment the company is put on sale.

Buyers will have a hard time understanding unusual business lingo. If the buyers think that the business needs so much time to master, it’s either they would invest their time, or they would shy away. Most of the time, they turn away. It could be a great deal but put to waste, all because of the complex business lingo.

Robert Hirsch, a seasoned entrepreneur and business broker, said that when pitching a sale to the buyer, do it in a way as if explaining to a teenage kid. Three rules to apply – brief, concise, and easy to comprehend. Keep it simple! Do not complicate.

Watch the video of “Don’t Make The Single Biggest Mistake When Selling Your Business”

Selling Businesses The Freedom Factory Way

Freedom Factory is a premier brokerage firm helping business owners sell their company at the highest possible value. It is founded with one goal in mind, and that is to help business owners with the sales process and make sure they get favorable deals. Selling a business is easier said than done, and having an expert’s help can guarantee a smooth sailing process. Robert and Tyler Tysdal are both serial entrepreneurs whose expertise is selling businesses. As entrepreneurs, they know the dilemma that every entrepreneur deals on a day-to-day basis. They aim to take the business selling process easy for everyone – both for the seller and buyer.

Contact Tyler Tysdal for more information.

Freedom Factory

5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
www.freedomfactory.com

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Jobs That May be Under Your Radar

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According to the U.S. Bureau of Labor, the average worker can expect to sit nearly 45% of the work day. On the surface, that doesn’t sound so bad. However, what isn’t considered is the effect that having a college degree has on that percentage. 

Despite lengthy research, there simply isn’t much data on how much people tend to sit at work if they have a college degree versus not having one.  However, looking at specific occupations does show data. 

Jobs including accounting, business, and tech tend to lead to workers sitting anywhere from 70-80% of the time. 

In fact, with an exception to a few areas where a degree is required, most of the post-college workforce appears to be in a position where they spend most of their day at a desk. 

For some, this is not an issue. For many others, it can lead to increased stress, dissatisfaction at work, weight gain, and a repetition of tasks that get old after a few days. So why do people continue to work in these environments? Part of it may be our tendency to follow the crowd, and college programs often funnel their graduates to these kinds of jobs. 

What if someone wants to break away from the norm? There are certainly options, and here are just three of them. 

Coaching

Coaching a sport can be one of the most satisfying and productive jobs that exist. On top of the satisfaction of helping athletes improve their skills, depending on the coach, it can also serve as a workout and a way to stay active. 

This option can be especially good in unique sports such as rowing, pole vault, or Irish dance. Many potential clients/athletes may not know about these opportunities, but once word gets out, there may be a lot of interest. Moving up in these specific fields is much easier than trying to go the route of a football or basketball coach. If a rowing team is looking for a coach, and you’ve got the experience, you may end up in a small candidate pool for a great job. 

Run an Excursion

Everyone loves excursions while on vacation. It’s a market that’s growing every year, and with the right equipment and skills, it’s very possible to have success here. The best part is that almost no matter where you go, the market will be there. 

In a tourist area like Orlando, Florida, so many people go that despite a lot of excursion options, opportunity is still there. On the flip side, in a small town in Kansas, the market may be small, but there won’t be any competition. 

The key is to be unique. If close to a desert, a dune buggy adventure will catch a lot of people’s attention. If there are already a lot of those excursions available, have a romantic candlelight dinner under the stars. The possibilities are endless. If you decide that you want an excursion that will keep you up on your feet and active, that’s totally up to you. 

Start a Business

Starting a company can be stressful and overwhelming, especially with zero experience. One key is to utilize resources and not pretend that you know how to do everything. Just as you wouldn’t have a plumber frame a house, a dentist perform brain surgery, or an engineer file your taxes, running everything for your business alone will likely not be successful.  

Odds are, you may be able to do the business part, but utilizing resources for other areas can help make a business successful. 

What does this have to do with not sitting all day? Similar to the excursion idea, starting your own business means choosing your hours, and the work style. You may decide that 7-10 AM is a great time to do all the paperwork and desk-related tasks, take a break from 10-11 AM, and then spend 11-4 PM doing active tasks related to the business. You can decide to work late at night and keep the mornings open. 

With few exceptions, a self-business allows you to work when, where, and how you want.  

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