Aurik Blog

Why, when and how to sell your business

Sep 9, 2019 11:09:14 AM / by Pavlo Phitidis posted in Asset of Value, Succession, Selling your business

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Every business only has two destinations: it closes, or you successfully sell it. Globally, however, 94.6% of all businesses that begin, never get sold. This is tragic for business owners, because they pour their life, energy, and attention into a building a business that should serve them and offer them financial security. But why would you sell your business, and when is the right time to do so? On The Money Show with Bruce Whitfield, Pavlo Phitidis outlined a plan for how to sell your business:

Listen to the podcast HERE.

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Negotiating the family business deal

Aug 14, 2019 10:03:48 AM / by Pavlo Phitidis posted in Business Owner, FamilyBusiness, Succession, Strategy

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We received a long email from a listener who is considering going into his parent’s business. He has a career in a different industry but has worked in the family business before. His folks have an option to get external professional management into it, but they are reluctant because it’s part of the family heritage.

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