Purging decades of collected stuff in the basement before selling your house. Took a little longer than you thought it would, but you got there. Doing your own taxes. How many possible deductions did you miss out on because you didn't know about the tax law changes? And the classic selling your home by yourself. There's a reason why real estate agents laugh when they see a FSBO sign on your lawn, and don't bother looking at your place.
The choice of DIY or find someone more qualified and or willing to DIFY (do it for you) is a daily occurrence.
Some tasks seem ok to do on your own or utilizing internal resources. i.e. nephew who knows everything about building websites, existing supplier who said they could make a new widget for you, employee who should be able to do it.
You're thinking, if it takes a little longer, comes out not quite 100% you can live with the results. After all you saved some money. Right?
Usually it takes way longer, costs much more in $ or frustration and never quite works the way you thought it would. As business owners, we all have those experiences under our belt.
So why would you risk your single biggest asset to the same poor odds of success? Why would a business owner try to sell their company without the benefit of an experienced team of professionals?
You may think you have the talent in place (lawyer, accountant, management), however you need to consider this. Unless they have real world experience buying and selling companies you may be asking them to do something they are not qualified to do. Are you really willing to take that chance with the single biggest sale you're likely ever to make?
At WarrenBDC, we have the experienced professionals and many of the answers you're looking for.
You can't run a business and sell it at the same time. You need help, the experienced kind.
Learn more about 'Moving Forward'.