Recent content by Clinton

  1. Clinton

    Selling a business name

    Almost zero chance. Coming up with the name and logo is the easy part. Any idiot can do it (or ask for ChatGPT's help). In any given month, how many people do you think are opening businesses in that particular sector? How would you reach them before they've decided a name for their business?
  2. Clinton

    person to write legally binding contracts

    LMAO? It's not funny. Legal matters, contracts etc., are not simply pieces of paper you need to fill your filing cabinet. They seriously affect the life of your business. If you're dismissive, indifferent, casual even with describing what legal documents you need, it doesn't bode well for...
  3. Clinton

    Advice About Selling 2 Websites

    Oh, God, you people aren't still talking about me?! :eek:😂 Ozzy, darling, don't know where you got the idea I don't like you! 😘 We've had many friendly chats. Yeah, I had a stalker here once and when you were a newbie mod back in the forum, you kinda messed up on that and thought I was...
  4. Clinton

    person to write legally binding contracts

    All contracts are legally binding. Even unwritten ones. What's important in written contracts is what's actually in the copy (and what's been left out). It would be foolish to do this 'on the cheap' or to use templates or to do it in a hurry. Jeez! Pay properly, get a professional...
  5. Clinton

    Advice About Selling 2 Websites

    FFS, I'm not a business broker. 🤴 And I don't get clients from this site (I'm not a paid member because I disagree, in principle, with stuff the owner of this site has done with this site). I get clients mainly via recommendations from professionals. I know more people in M&A / corporate...
  6. Clinton

    Advice About Selling 2 Websites

    Yeah, we get a lot of that in UKBF - people prefer nice news / exciting numbers / simple answers / fluff to the reality of selling microbusinesses (which is 'whatever you can persuade the buyer to pay'). All they want is a number, the higher the better. If there's a post that suggests a high...
  7. Clinton

    Advice About Selling 2 Websites

    10 years?! If the price is based on a DCF type calculation, it'll be based on months' worth of future revenue, not years' worth. 10 years is a ridiculously long time on the interweb! But you probably threw the '10 years' out flippantly. ;) I thought I'd better clarify as there are all kinds...
  8. Clinton

    Advice About Selling 2 Websites

    Ah, bless. It wasn't a silly question, it was a stupid question (and, yes, there is such a thing as a stupid question). Most people don't know why this is a stupid question. That's why I provided the explanation I did. If you don't get it, other visitors to this thread might.
  9. Clinton

    Advice About Selling 2 Websites

    There isn't a way. I really don't understand this nonsense with small business owners wanting to know how much their business is worth. :rolleyes: Deals like this boil down 100% to what the two parties can negotiate between them! And the term "value" is meaningless in isolation without all...
  10. Clinton

    Trying to sell my Business

    There's no 'profit'. It goes without saying. Maybe there's a bit of free cash to cover the cost of the owner's time at minimum wage or thereabouts. If there is, that'll be it.
  11. Clinton

    Trying to sell my Business

    "charm filled building", "historic market town" etc is nonsense and doesn't help to sell your business! Nobody's going to move from the other side of the country to buy your £84K turnover business. It's going to be a local and they already know it's a historic market town. It's not about...
  12. Clinton

    Seeking advice on selling online software business

    About 20 years ago, I owned businesses like yours selling scripts (Chameleon Flash, SWF Maestro etc, some of which sadly no longer exist). I have some experience in this, and in selling businesses. No, it's not. Yes, it's necessary. Or they need to hire one (which could wipe out all the...
  13. Clinton

    How much to charge as a new freelance airport transfer guide?

    I suggest you start with a figure equal to the national minimum wage. Multiply it by the number of hours you've worked (irrespective of what you've actually done). Make an invoice accordingly and note that you've priced it based on X hours at £x per hour.
  14. Clinton

    Preparing a business for sale

    jack52, I'll drop you a DM. But, yes, you've recognised the problem - the business is dependent on you. And buyers want a business that is not dependent on the owner. Making that transistion is probably the small business owner's biggest challenge. It can be done in any business, including...
  15. Clinton

    Preparing a business for sale

    Thanks for the mention, Ozzy. @jack52, if the business is not worth anything right now, your best bet is to not pay for advice. Invest in a good exit planning book or two and spend some time on my website where there's a ton of information for small business owners on this topic (and links to...
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