If you’re like the majority of hardworking small business owners, you don’t have time to buy your wife a birthday present, let alone think about checking your business value to see if you have a saleable business, one that’s attractive to prospective buyers.
Procrastinating – Do I have a Saleable Business?
How many times have you said to yourself, I’ve got to find out if I have a saleable business if I’m to retire when I want to. But when you’re in operational mode there’s simply too little time to check the value. You always seem to be running in all directions at once, just to keep your head above water…so you procrastinate.
But people procrastinate for different reasons. Dr. Joseph Ferrari, associate professor of psychology at De Paul University in Chicago and Dr. Timothy Pychyl, associate professor of psychology at Carleton University in Ottawa, Canada identifies three basic types of procrastinators:
- Arousal types, or thrill-seekers, waiting to the last minute for the euphoric rush.
- Avoiders, who may be avoiding fear of failure or even fear of success, but in either case, are very concerned with what others think of them; they would rather have others think they lack effort than ability.
- Decisional procrastinators, who cannot make a decision. Not making a decision absolves procrastinators of responsibility for the outcome of events.
As small business owners, you probably know which one applies. But it’s safe to say, one of these reasons is the root cause for the lack of action. Now there’s a way to find out if you have a saleable business and it only takes 13 minutes of your valuable time. It produces a highly qualitative and quantitive result that provides solid remedial action to solve problems. It’s called the “Sellability Score” and it’s based on an advanced algorithm. The algorithm factors in a multitude of different variables to determine how easy, or for that matter, how difficult it would be to find out if you have a saleable business.
Saleability Business Tool
The saleability business tool was developed by John Warrillow. He is author of “Built to Sell: Creating a Business That Can Thrive Without You”, this innovative software tool shows both textually and graphically in a 24-page report, how your business would stack up against your competition if you tried to sell it today. You will gain valuable insights into how buyers would analyze your business, including:
- Where your business ranks on a scale from “easy” to “hard” to sell.
- Your best options for selling your business depending on your score.
- The most important, as well as, painful questions to ask yourself prior to selling you business.
After completing the online questionnaire to check whether you have a saleable business, you will immediately receive your Sellability Score (from 1 to 100), along with instructions for interpreting your results. You will also have the option to receive a free 24-page report via Email, complete with your results and a detailed explanation of the eight key attributes of a sellable business.
Once you know your position on the Sellability scale to determine if you have a saleable business, you can start taking the appropriate actions toward preparing your business for sale. Since the endgame is to “realize your dreams” isn’t it, when you walk away from your business. And you can only do that when you have the wealth you’ve earned over the years in your business.
Take the test here and find out: Sellability Score questionnaire