{"id":530,"date":"2019-07-29T15:23:20","date_gmt":"2019-07-29T15:23:20","guid":{"rendered":"https:\/\/www.startupcompanycounsel.com\/blog\/?p=530"},"modified":"2019-08-13T09:09:50","modified_gmt":"2019-08-13T09:09:50","slug":"how-do-i-find-the-right-buyer-for-my-startup","status":"publish","type":"post","link":"https:\/\/www.startupcompanycounsel.com\/blog\/how-do-i-find-the-right-buyer-for-my-startup\/","title":{"rendered":"How do I Find The Right Buyer for My Startup?"},"content":{"rendered":"
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How do I Find The Right Buyer for My Startup<\/h1>\n<\/div>\n<\/div>\n

\nIt\u2019s a formula that goes back for years, maybe as old as business itself. Start a business, make it successful, and sell it to another company for a lot of money. Repeat as necessary. The process as doubtless has been going on for more than a century, as businesses have become first nationally in scope, as during the 1800s, and in more recent decades global in reach.<\/p>\n

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Sounds perfect, right? It doesn\u2019t always happen like that. Unless you don\u2019t care what happens to your company, your employees, and yourself after you sell your company, you probably are looking for the \u201cright\u201d buyer. What makes the buyer \u201cright\u201d depends mainly upon the seller. The seller \u2013 the owner \u2013 is going to walk away with a payday. The question then becomes whether the seller cares about who is not walking away with cash \u2013 the employees who stay with the company after it is sold \u2013 and what happens to them and the company after the sale. Because so many founders of companies view the company as their \u201cbaby,\u201d most care about <\/div>\n
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post-sale consequences<\/h2>\n<\/div>\n
and want to find the right buyer.<\/div>\n<\/div>\n

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Finding the <\/div>\n
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Right Buyer Requires Considering several Factors :<\/h2>\n<\/div>\n<\/div>\n

 
\nFinding the right buyer for your company means more than seeing the buyer who will pay the most for your company. Indeed, that is a factor, but if you want your company to go on, even under different ownership, and for your (former) employees to continue to thrive under new ownership, then you need to consider how to find the right buyer. It\u2019s not as hard as you might think.<\/p>\n

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Most entrepreneurs start a business with a vision of how they would like the company to be and what they would like the company to accomplish. Given that vision and those goals, a business owner who is ready to sell should keep those things in mind when selecting a buyer. This process should start with the founding and operation of the company so that when the time comes to sell, the company will be attractive to the \u201cright\u201d kind of buyer. The process should include steps such as:<\/p>\n

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