Tip #183: Unsolicited Offers for the Business

A business owner mistakenly gets excited about an unqualified offer to buy It’s not uncommon for a business owner to get an offer from someone to buy the business.  It can come from an employee, a competitor or someone from “out of the blue”.  But since a business owner oftentimes doesn’t have the experience or background to evaluate the qualifications of a buyer and take all the steps to get through a transaction, it can end up falling apart or not being the best deal for the business owner.  It is wise to use a Business Broker or M&A Advisor to search the market and get the best offer (or offers) from a buyer who is a good fit and can work through the process to get a transaction to close.