• Meet the author

    vothmug

    Eric R. Voth

    Like you, I have experience as an independent business owner.

    During the course of my career, I’ve been personally undertaken …

    • The startup of 10 independent businesses.

    • The purchase of five independent businesses.

    • The sale of five independent companies (two of which were actually mergers).

    • The startup of four franchise operations.

    • The loss of my investment in four independent businesses that were unsuccessful.

    These experiences allow me the unique perspective of being able to empathize with you as you contemplate the sale of your company. I’m familiar with the mix of feelings and emotions that sometimes accompany such thoughts. I’ve had them myself.

    This introduction is designed to acquaint you with my background as an “in-the-trenches” business owner. Perhaps you can identify with some of my experiences.

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    Buyers lose sleep too

    As you prepare to market your privately owned company, you’ve probably looked back with a bit of pride as you’ve worked to build your empire, whether large or small. No wonder. You should be proud. But don’t let pride cloud your judgment about how much your business is worth or how attractive it is to the buyer. Put yourself in his or her shoes for a minute. This excerpt from my book, How to Sell Your Privately Owned Company, A Basic Guide for Independent Business Owners, Baby Boomer’s Edition, helps You the Seller get into the mind of the Prospective Buyer:

    Even if they’ve done it before, and even if they’ve come prepared, buyers spend time mulling over possibilities and replaying conversations and scenarios when they are at the brink of making a deal. While you’re tossing and turning in your bed or in your head, your buyer is probably going through the same type of mental aerobics, trying to find solid answers to his concerns.

    Perhaps he is wondering …

    • Can I really afford to buy this business?

    • Where am I going to come up with the money to do this?

    • Am I paying too much?

    • Is this business really what it’s cracked up to be?

    Copyright © MMIX by ERV Productions Inc. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a data base or retrieval system, without prior written permission of the publisher.

    Eric R. Voth has been a successful business owner and seller since the 1970s. Among other enterprises, he is currently owner of ERV Productions Inc., and author of How to Sell Your Privately Owned Company.

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