August 27, 2010

Tom is Selling his Business: Now What?

I admit that sometimes I live in a fantasy world. I actually think that I’m getting a buzz from lite beer.

I have a friend named Tom who’s looking to sell his equipment parts distribution business. Problem is he can’t sell it. He’s had more than a half-dozen potential buyers and they’ve all offered way less than what he was looking for.

What’s the problem? Tom lives in his own fantasy world. He thinks his company is worth way more than it really is. That’s almost as bad as thinking two cheeseburgers at McDonald’s is healthier than a Big Mac (everyone knows it’s the FRIES that’ll kill you).

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