Have you ever sold a business?
You may be the smartest guy in your industry, and you may have built a giant empire, but selling a business is not the same thing as building one. Watch what happens when Bill Gates, founder of the biggest software company in history, steps out of his area of expertise and takes on an expert in a different field…
If we wanted to build a software company, and we could afford him, we would hire Bill Gates. If we wanted to destroy chess opponents in 79 seconds, and could hire someone to make the moves on our behalf, we would hire Magnus Carlsen.
But if we wanted to sell our business for as much as the market would bear, in a confidential manner and in a reasonable amount of time, we would hire someone who does it well, does it often, and takes extraordinary pride in their performance.
© Players Capital Group 2016
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