Some businesses are created for the final and ultimate goal of selling it on. No one wants to be doing “this” forever, and selling a business is a natural evolution in the life of that little idea all those years ago.
The key word here is “years.” Businesses take time to develop, as an esteemed entrepreneur knows. It takes time to get going, to settle into what it is, and to be worth something in the long run. One major aspect of business development with a sale in mind is patience., patience, unmonitored and unrestrained, can drive the company right off the guardrail and over the cliff.
Patience is also something that needs to be battled, delicately and, ironically, patiently. If feelings of impatience arise, recognize them. Furthermore, channel these feelings into logical and reasonable actions. Resolve transaction issues and take the due diligence needed to prime the …