Skip to main content
No. of Recommendations: 6
<<And the moral is never to trust your BIL. :-)

Or maybe it's never sell your business for anything other than all cash, even if it's to your brother in law. :-)


It's easy to over value small businesses, and this episode illustrates why that's the case. The style and personality of the original owner is a large part of the reason for its success. Perhaps the extrovert type that enjoyed chatting with people on the phone and who could imagine what would work for other people.

The brother in law sounds more like me ---introverted and not very intuitive. That kind of thing might be plenty to kill off a business that needs a different style to be succesfull.

And good for you if you can find someone to unload your business who has lots of cash to be able to give you. Getting out of a small business is often as much of an art as building one up. The smart business owner will always be looking at how decisions will affect his ability to sell the business to someone else, if he can sell it at all.

Seattle Pioneer
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.