The Saga of Selling My Business

Mr. Brodsky an a 60 year old entrepreneur, who owns three different businesses decide to sell his business to the CD venture for a well seated price. Threw out the reading of the story we have a chance of seeing the simplified process and how much it really takes to sell and at the other hand to buy an a established business. By this sample we can observe the amount of the people that have to be involved within the entire process that seems to be very complicated as well. In advance there is a part of the reading that is describing the delays that arise within the transfer of ownership process. At this point it gave to the over many back thoughts since the price was estimated already but the business was still successfully grooving and adding its value. As in many aspects of the real life buying or selling a business is a huge movement that is taking many steeps in order to complete and bring up to life.
Q1
The due diligence while buying the existing business is the only time that futuristic buyer has a real chance of validating company information and data that was presented within the offer. By focusing on the scale of the operation there is many vital aspects that are feting within the business like a puzzle, but just by missing one piece can create entire purpose and mission of buying the business unacceptable. Every little aspect of the company has to be verified and validate in order to became a meaningful piece of the final data that we will use in the process of the decision making. Collecting all of the information should take extended precision and ability to “dig for the truth”. There is no move back once the contract are sign; therefore, the due diligence process should be treat with specific attention and people who will perform such a duty have to be aware of the problem possibilities and solutions within buying process.
Q2
In my believe Mr. Brodsky’s policy “warts-and-all” is not very typical among business sellers. First, There is a large number of the business sellers who are simply not receiving them expected profits and they are simply trying to get rid of the business and gain some money and probably start an new venture based on the lessons that they already take during the process of their old business life. If we would focused on the business failure rate the numbers are simply saying that technically right now in United States the trend is that more businesses is getting closed among the new open ventures that are new energy for the markets. On the other side I believe that the business seller may not willing to provide all of the fragile business information to the potential buyer even if agreement of secrecy is sign still the potential buyer has a possibility of using some of the key elements of the business within some other venture.
Q3
There is many deal breakers that can occur on the way of business selling. For instance, like in the reading example where company that was willing to buy Mr. Brodsky company required a new lease agreement from the document storage facility. At this point of Mr. Brodsky would not be able to complete this task entire mediation around business sell would just disappeared. On the other hand since the businesses are selling for the real money and where money is, there is a conflict there will be for sure many situation when one of the sides will try to gain some of the advantages over others in some cases plays like that can lead entire meditation part to the end. By focusing on the extensive amount of the processes that have to be complete while buying the business there is many aspects that can go wrong, but in situation where both sides are really interested there is always some way to work out the consensus and make a deal.