What a great idea!
I love the new project from Managed Service rock stars Amy Babinchak and Rayanne Buchianico for a number of reasons.
Their new project is called Sell My MSP and the web site is www.SellMyMSP.com. It’s a new clearinghouse for people looking to buy or sell an I.T. business.
The first reason I love this project is that it’s very educational. You can request an evaluation of your business right away. But you can also get some forms and worksheets to “prep” your business for sale. Those will give you some checklists that are educational to go through.
Second, Amy and Rayanne are totally focused on the reality of selling a business. Some people have unrealistic expectations about the value of their client list, the role of debt in the process, and the timeline needed to complete a sale.
Amy talks about the “strategy” of letting a business winnow down until there are just a few clients left. Rayanne mentioned the need to put debt outside the sales process. Both of them talk about having a long-term plan for selling your business.
What’s your exit strategy?
The service – Sell My MSP – is a clearinghouse. Prospective sellers can list their business anonymously, so clients and investors can’t tell that your business is for sale. Of course identities of buyers and sellers are revealed at some point.
Unlike many listing services that don’t focus on the SMB space, Sell My MSP does not take a piece of the action or base fees on a percentage of the sales price. There’s a flat fee for buyers and a flat fee for sellers. And BOTH are at a reduce site during the introductory period.
So check it out today. They have a new blog, so subscribe to that as well.
You never know when you might find it useful!