Re: Selling buisness
[Re: sgs]
#3297831
08/30/12 09:18 AM
08/30/12 09:18 AM
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Joined: Jul 2007
Posts: 25 Nashville, Tennessee
John Pearson
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trapper
Joined: Jul 2007
Posts: 25
Nashville, Tennessee
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I agree. The trained employees of a company are the company's greatest asset. Knowing the tried and true methods of solving problems, and having a personal rapport with your established commercial accounts, and being able to communicate with potential new customers. In my opinion having the advertising in place is also very important. SEO takes a while to make an impact and creating effective print, internet, radio and TV ads take some trial and error. Also it doesn't hurt to have "pre-scented" squirrel, skunk and raccoon traps
John
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Re: Selling buisness
[Re: ]
#3297885
08/30/12 10:05 AM
08/30/12 10:05 AM
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Joined: Nov 2009
Posts: 843 NH
sgs
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Posts: 843
NH
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In my opinion having the advertising in place is also very important. John, I was going to mention that. I don't know why I didn't. lol An advertising history is valuable as long as the new owner is going to keep the company name but I'm really not sure how you can determine what that value is. Years ago I was friends with a guy who had a retail business. He had been in business for twenty years and when he went to sell found his business was worth the sum total of his inventory plus equipment (shelving, counters, cash registers, time clock, etc.) At first he was a little bitter at being told that all the work that he had put into the business had no value. After a while he got used to the idea and admitted that it really didn't have value....to a prospective buyer. It had great value to himself and his family and he was satisfied with that.
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Re: Selling buisness
[Re: ]
#3297988
08/30/12 11:45 AM
08/30/12 11:45 AM
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DaveK
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DaveK
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Kinda the same as cash flow history...
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Re: Selling buisness
[Re: ]
#3698606
03/12/13 08:22 PM
03/12/13 08:22 PM
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DaveK
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Unregistered
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DaveK
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Unregistered
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Re: Selling buisness
[Re: ]
#3699024
03/12/13 10:25 PM
03/12/13 10:25 PM
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Joined: Jul 2007
Posts: 25 Nashville, Tennessee
John Pearson
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Posts: 25
Nashville, Tennessee
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Interesting post and website Dave.
I'm not familiar with that part of NY, but it appears the population of that town is around 1700. I don't know that I could make that kind of money with a small customer base like that.
John
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Re: Selling buisness
[Re: Anonymous]
#4652555
09/18/14 06:01 PM
09/18/14 06:01 PM
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Joined: Jul 2008
Posts: 1,361 mequon, wisconsin
Paul Winkelmann
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Joined: Jul 2008
Posts: 1,361
mequon, wisconsin
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I'm going to try and be the tie-breaker between Bob's post and Dave K's boo. In real life I am actually Bob. I have done this long
enough that I pretty much know what a normal animal will do before he does it. Besides that, my wife has noted that since a large
portion of our customers are even older than me ( If that's possible ) they actually prefer me to some of our younger techs. (After
all, who else are they going to be able to discuss "Prohibition" with? ) On Dave's side of the coin, I've said this before and I'm
proud to say it again; My son P.J. doubled our business gross the very first year that he joined us and if we could clone him, we
would be a Fortune 500 company in a year. I truly agree with Bob that we cannot easily be replaced but I've been catching critters
since 1955. Even some of the animals have asked me to "hang it up already"! Don't worry Bob, I do enough worrying for both of us.
Last edited by Paul Winkelmann; 09/18/14 06:03 PM.
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Re: Selling buisness
[Re: Anonymous]
#4654682
09/20/14 09:28 AM
09/20/14 09:28 AM
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Joined: Jul 2009
Posts: 193 Tipton, IN
Travis Wolford
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Joined: Jul 2009
Posts: 193
Tipton, IN
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When I cross over Jordan I will be retired....not much of a strategy but its an honest one. Never been able to sit around.
it is not a stupid question if you do not know the answer
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