PROFIT magazine is a favourite read of mine. They do a great job of profiling the entrepreneurial sector in this country and every issue is chock full of lessons, success stories and business ideas.
Selling Your Baby is an in-depth article published by PROFIT about the trials and tribulations some entrepreneurs face in selling their businesses. It’s shocking and sad when you think about the economic value that is destroyed – not to mention the many people affected – when businesses fall into the wrong hands.
Although the article was published in March, it just won Gold at the National Magazine Awards last week. Which I thought made it worth repeating. Read through it and you’ll also notice we added our two cents to the subject.