Advice About Selling 2 Websites

homeriscool

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Aug 31, 2007
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Hi all, I could really do with some advice about 2 websites I own.

I do lead generation for local businesses, and I have a client who has asked me to sell them my websites.

(their rank and rent websites)

This business gets 95% of its customers through my websites.

I'm in 2 minds about selling them.

What is the best way to value each website before giving them a price?
 
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Clinton

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    What is the best way to value each website before giving them a price?

    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 the other terms of the deal attached.

    So, your website could be worth £1 if I pay the entire price in cash today or it could be worth £1m if it's a structured deal with nothing upfront and all payments made in future but contingent on the business hitting certain unachieveable targets.

    It could be worth £500K if some small £x is paid today and the rest in the future, all future payments guaranteed (but backed by crap collateral on which you'll never be able to claim should I default ...becauses defaulting is very much in some buyers' plans).

    It could be worth £200K with all cash up front but you committed to working in the business for free for the next 5 years (and in case you don't deliver quality work or you stop working, the clawback clause will require you to pay back £400K).

    If you're talking just 'cash' terms ie how much if it's 100% cash on day one...

    It could still be worth £75,342.78 or

    It could be worth £597,644.62 or

    It could be worth anything else.

    It depends on all the other non-price, non-payment terms.

    What you want is the best total package. More up front. Less post-sale risk on you. Best post-tax position for your bank account.

    What you have is not just a couple of websites, but almost the complete lead generation for this buyer (not forgetting the leads you generate for other businesses).

    What you need is someone savvy with M&A negotiations to discuss your preferences, the options, your thresholds & ceilings, your bargaining points, buyer barriers to price etc etc with you and to go in and negotiate the deal.

    The best way to start this transaction is not by coming up with a number and sending that to them! 🤴

    Maybe talk to a few business brokers in this business broker group. Or get an accountant who's good at these negotiations (most accountants are NOT). Whoever you find, if they're any good they'll make you pay for their services in advance.
     
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    homeriscool

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    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 the other terms of the deal attached.

    So, your website could be worth £1 if I pay the entire price in cash today or it could be worth £1m if it's a structured deal with nothing upfront and all payments made in future but contingent on the business hitting certain unachieveable targets.

    It could be worth £500K if some small £x is paid today and the rest in the future, all future payments guaranteed (but backed by crap collateral on which you'll never be able to claim should I default ...becauses defaulting is very much in some buyers' plans).

    It could be worth £200K with all cash up front but you committed to working in the business for free for the next 5 years (and in case you don't deliver quality work or you stop working, the clawback clause will require you to pay back £400K).

    If you're talking just 'cash' terms ie how much if it's 100% cash on day one...

    It could still be worth £75,342.78 or

    It could be worth £597,644.62 or

    It could be worth anything else.

    It depends on all the other non-price, non-payment terms.

    What you want is the best total package. More up front. Less post-sale risk on you. Best post-tax position for your bank account.

    What you have is not just a couple of websites, but almost the complete lead generation for this buyer (not forgetting the leads you generate for other businesses).

    What you need is someone savvy with M&A negotiations to discuss your preferences, the options, your thresholds & ceilings, your bargaining points, buyer barriers to price etc etc with you and to go in and negotiate the deal.

    The best way to start this transaction is not by coming up with a number and sending that to them! 🤴

    Maybe talk to a few business brokers in this business broker group. Or get an accountant who's good at these negotiations (most accountants are NOT). Whoever you find, if they're any good they'll make you pay for their services in advance.
    Fair enough, thanks for your input.

    The thought.....ask a silly question comes to mind.....
     
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    fisicx

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    @homeriscool - the websites have no value. What you are selling are all those leads.

    Calculate how many leads the websites will generate over the next 10 years or whatever and multiply by how much the client pays for each lead. That’s how much to sell it for.
     
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    Clinton

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    @homeriscool - the websites have no value. What you are selling are all those leads.

    Calculate how many leads the websites will generate over the next 10 years or whatever and multiply by how much the client pays for each lead. That’s how much to sell it for.
    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 of morons out there who'll read this thread in future and believe that 10x is some kind of standard.
     
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    fisicx

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    I had a plugin that generated around £50/month in upgrades to premium.

    Someone wanted to buy it so I magicked a figure out the air and asked for £2500. They coughed up and I handed it over.

    What they didn’t know was almost everyone who needed this sort of plugin already had it and paid for the upgrade.

    It probably only had a year’s life left before a newer version was released (by me).

    You can get lucky (like me) or end up with sixpenth or even giving things away for free.

    @homeriscool - make up a number and use to begin negotiations
     
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    homeriscool

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    @homeriscool - the websites have no value. What you are selling are all those leads.

    Calculate how many leads the websites will generate over the next 10 years or whatever and multiply by how much the client pays for each lead. That’s how much to sell it for.

    Thanks for your helpful answer @fisicx

    Professional and respectful.
     
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    homeriscool

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    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 the other terms of the deal attached.

    So, your website could be worth £1 if I pay the entire price in cash today or it could be worth £1m if it's a structured deal with nothing upfront and all payments made in future but contingent on the business hitting certain unachieveable targets.

    It could be worth £500K if some small £x is paid today and the rest in the future, all future payments guaranteed (but backed by crap collateral on which you'll never be able to claim should I default ...becauses defaulting is very much in some buyers' plans).

    It could be worth £200K with all cash up front but you committed to working in the business for free for the next 5 years (and in case you don't deliver quality work or you stop working, the clawback clause will require you to pay back £400K).

    If you're talking just 'cash' terms ie how much if it's 100% cash on day one...

    It could still be worth £75,342.78 or

    It could be worth £597,644.62 or

    It could be worth anything else.

    It depends on all the other non-price, non-payment terms.

    What you want is the best total package. More up front. Less post-sale risk on you. Best post-tax position for your bank account.

    What you have is not just a couple of websites, but almost the complete lead generation for this buyer (not forgetting the leads you generate for other businesses).

    What you need is someone savvy with M&A negotiations to discuss your preferences, the options, your thresholds & ceilings, your bargaining points, buyer barriers to price etc etc with you and to go in and negotiate the deal.

    The best way to start this transaction is not by coming up with a number and sending that to them! 🤴

    Maybe talk to a few business brokers in this business broker group. Or get an accountant who's good at these negotiations (most accountants are NOT). Whoever you find, if they're any good they'll make you pay for their services in advance.

    Just reading over this again......not because it was helpful....but because it comes across as if you're trying to put me down.

    I can honestly say I've never had anyone answer a question in this manner.

    God knows how you get any business.
     
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    Clinton

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    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 number (10x years' earnings, for example), they'll like the post, get very excited, latch on to that and praise the post.

    That's normal fare around here. But getting my answer called a silly answer is a new one on me ;)

    You may not recognise it as sound advice, but dumping the whole concept of trying to get a "valuation", and using an expert to negotiate the deal for you, is the best advice you're going to get in this thread.

    I'm out. All the best.
     
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    homeriscool

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    Yeah, we get a lot of that in UKBF
    You make it sound like people like me aren't welcome here.

    All they want is a number, the higher the better. If there's a post that suggests a high number (10x years' earnings, for example), they'll like the post, get very excited, latch on to that and praise the post.

    You don't even know the situation and seem to be jumping to a lot of conclusions.

    I'm not trying to "persuade" anyone to buy anything.

    My client has asked me to sell them my websites, and I'm trying to figure out a fair price for them and for me.

    They've been renting my websites for years.

    I don't know if you're aware of this, but you come across as being a bit of a bully or even aggressive.

    Just because I asked a question.


    You may not recognise it as sound advice, but dumping the whole concept of trying to get a "valuation", and using an expert to negotiate the deal for you, is the best advice you're going to get in this thread.

    Maybe you're right, maybe an expert is the best way to go.

    But I'm still trying to figure out how you get customers for your business brokering.

    What if I were really interested in hiring a broker to sell my websites for me?

    Do you think, after putting me down, I would hire you?

    Maybe that's why you're still a FREE member running a "successful" business.
     
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    fisicx

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    It’s all about the perceived value to their business. If renting the websites generates £50k/year then maybe you could sell for £50k. They would get their money back in 12 months and be in profit after that.

    Make an offer and negotiate.
     
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    homeriscool

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    It’s all about the perceived value to their business. If renting the websites generates £50k/year then maybe you could sell for £50k. They would get their money back in 12 months and be in profit after that.

    Make an offer and negotiate.

    Thanks, this is all I wanted.

    Would you base the figure on net profit?

    Or annual turnover?

    (I know this might sound stupid to some people, sorry for asking)
     
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    fisicx

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    If you took down the website how much would their business suffer? Those are the sort of figures I’d start with.

    Maybe use profit but that has far more variables than turnover. It all boils down to how much you stand to loose by selling.

    You might even pick up a maintenance contact. When I last sold a website I almost made as much looking after the site as I earned each year.
     
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    homeriscool

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    If you took down the website how much would their business suffer? Those are the sort of figures I’d start with.

    Maybe use profit but that has far more variables than turnover. It all boils down to how much you stand to loose by selling.

    You might even pick up a maintenance contact. When I last sold a website I almost made as much looking after the site as I earned each year.

    The business would suffer a lot. The business is about 90% dependent on my websites. That's why they're asking me to sell them (in case anything ever happened to me)

    They have about 25 staff, all depending on my websites for work.

    I would estimate a 60k monthly turnover.

    And even if I sell, they still need me to do the website maintenance and SEO.
     
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    Clinton

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    But I'm still trying to figure out how you get customers for your business brokering.

    What if I were really interested in hiring a broker to sell my websites for me?

    Do you think, after putting me down, I would hire you?

    Maybe that's why you're still a FREE member running a "successful" business.
    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 finance / corporate law than anyone else in the UK does. And they recommend clients to me because they see me as someone who knows his sh*t and who doesn't talk sh*t,

    I wanted to be out of this thread but had to add a reply just in case anyone else reading this thinks I'm a business broker and contacts me to sell their business. Please don't do that!
     
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    MOIC

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    I would estimate a 60k monthly turnover.
    x by 12.

    720k asking price.

    See what they say . . . . . and negotiate.

    You don't need to sell it.

    They do want to buy it.

    Add free maintenance for the first year, than agreed figure after that.

    Ensure you have all the legals tied up to protect what you're selling.

    All legal costs to them.

    PS. I don't sell businesses!
     
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    homeriscool

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    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 finance / corporate law than anyone else in the UK does. And they recommend clients to me because they see me as someone who knows his sh*t and who doesn't talk sh*t,

    I wanted to be out of this thread but had to add a reply just in case anyone else reading this thinks I'm a business broker and contacts me to sell their business. Please don't do that!

    Professional as ever, I see.

    You're not a paid member because you disagree with what the owner of the UK business forum has done?

    So, instead, you hang around the forum, jumping into people's threads and adding useless information without knowing all of the facts?

    All in the hope of siphoning off a few FREE clients for your "successful" business?

    Got it.

    Typical free loader.
     
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    Gecko001

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    Professional as ever, I see.

    You're not a paid member because you disagree with what the owner of the UK business forum has done?

    So, instead, you hang around the forum, jumping into people's threads and adding useless information without knowing all of the facts?

    All in the hope of siphoning off a few FREE clients for your "successful" business?

    Got it.

    Typical free loader.
    Clinton can annoy people with his mantra of "your business is worth nothing", but he has been a very very big contributor to this site for many years. If you read between the outbursts, there are many nuggets of good advice in my view.
     
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    Ozzy

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    If you read between the outbursts, there are many nuggets of good advice in my view.
    This really.
    He doesn't like me, I've never lost a moment sleep over it. He likes to point out that he doesn't like me and maybe one day he'll get over it and move on, but despite that, he is occasionally capable of giving some sensible and well-worded advice without insulting people. Our falling out is because I disagree with insulting people, so myself and the mods continue to edit and tone down some of his posts.

    I have the view you don't have to like everyone you deal with, nor have to like people to take a nugget of good advice they may impart.
     
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    homeriscool

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    Clinton can annoy people with his mantra of "your business is worth nothing", but he has been a very very big contributor to this site for many years. If you read between the outbursts, there are many nuggets of good advice in my view.

    I have no doubt about that.

    He's just lacking a bit in social skills.

    Nothing he can't work on.

    Everyone can be a better person (if they choose to).
     
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    homeriscool

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    This really.
    He doesn't like me, I've never lost a moment sleep over it. He likes to point out that he doesn't like me and maybe one day he'll get over it and move on, but despite that, he is occasionally capable of giving some sensible and well-worded advice without insulting people. Our falling out is because I disagree with insulting people, so myself and the mods continue to edit and tone down some of his posts.

    I have the view you don't have to like everyone you deal with, nor have to like people to take a nugget of good advice they may impart.

    I'm glad I'm not the first to notice his poor social skills.

    That's reassuring.

    So let me get this right, you allow him to use your forum (probably for his own financial gain), and he openly admits he doesn't like you?

    That is the height of disrespect.

    @Clinton
     
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    Clinton

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    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 harrassing him rather than the other way around. But the way I remember it, you apologised and we've moved on, you banned him, you and I became Trump-Musk grade best buddies. 😀

    But, yeah, I've made no secret about the woke direction you've taken the forum with all the softly, softly, be kind, w*nk everyone first thing in the morning kinda vibe. The revised Code of Conduct is nauseating in all its "inclusivity" and "be compassionate" language. That's the only point on which, I believe, we have very different opinions.

    That woke reinvention is perhaps that's why the forum is attracting so many princesses and snowflakes!

    Even if I wasn't on the spectrum, I don't believe I'd have much patience with them - the ones who come here for a valuation on their business, for example. Very few accept the general advice they're given that a business is worth whatever a buyer will pay.

    Nah. They want a number. Gimme a number. Gimme a big one! I wanna number, I wanna number.

    After dealing with thousands of business buyers / sellers over the years, it's very clear to me that

    1. Most one-man bands are not sellable - they don't have transferable value. In my 5 year experiment spidering business-for-sale marketplaces on a daily basis, I realised that circa 95% of these businesses were still listed 12 months later (ie didn't sell). It's generally the case that nobody wants them. 95%

    Princesses don't want to hear that. They were always told how special and clever they are. So if they built something, it must be amazing. Gimme a big number!

    2. Even if there's some value in a microbusiness, that value isn't a specific defined number. It's about whatever you can convince a buyer to pay. I know of a couple who paid £400K for a pub that was, on paper, completely worthless. They had fallen in love with the idea of owning a pub in that village to put them at the centre of village life.

    So the value in these businesses is entirely in finding the right kind of buyer and in how the deal is negotiated. Any price achieved is going to be pretty much 100% based on those two. There's no way of coming up with "a number". And that's the advice I provided in this thread as well. Politely. But it wasn't well received. "I wanna number. Gimme a number" :rolleyes:

    So I continued with a still polite post.

    Nah, Didn't work. I got stamping of feet and insults in return and questioning whether I get any customers at all and how I can't afford to pay for membership here. 😁

    I can remember and do remember hundreds of phone numbers - I need to hear a number only once. I can multiply large figures in my head before you can type them into your calculator, I can do lots of clever stuff, but I really struggle with thick. And with princesses. I'm not that great with immature adults either. But all of those seem to be your target new signups, unfortunately.

    Clinton ... has been a very very big contributor to this site for many years. If you read between the outbursts, there are many nuggets of good advice in my view.

    You're very kind, thank you. I'm also flattered by how many people upvote posts like this one. Thanks to them, too.
     
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    Ozzy

    Founder of UKBF
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    ...and just to wrap this thread up, cutting through the noise that doesn't matter.

    1. Most one-man bands are not sellable - they don't have transferable value. In my 5 year experiment spidering business-for-sale marketplaces on a daily basis, I realised that circa 95% of these businesses were still listed 12 months later (ie didn't sell). It's generally the case that nobody wants them. 95%
    This is true and is fair advice for anyone with a small business and wanting to sell.

    2. Even if there's some value in a microbusiness, that value isn't a specific defined number. It's about whatever you can convince a buyer to pay.
    Again, true and fair advice. When I'm giving this advice, I use private number plates as an analogy.

    I have a private plate on my car, it's worth a few grand to me but it's worth nothing to anyone else. The same applies to businesses; I've had different people offer different amounts for my businesses. I always say, make me an offer of what it is worth to you, if I like that number I'll accept and if it doesn't work for me then I won't, and I'm not offended nor try to convince them why it's worth more.

    So the value in these businesses is entirely in finding the right kind of buyer and in how the deal is negotiated. Any price achieved is going to be pretty much 100% based on those two. There's no way of coming up with "a number".
    The only difference I'd add here is that, personally, I don't negotiate. I find wasting time negotiating is taking time away from growing and moving the business forward. The thought of selling can be a distraction, and most tyre kickers don't go anywhere. You have to learn to sniff them out and don't allow yourself to be distracted by them.

    I ask them to make me an offer and I either shake on it or I thank them and walk away (or finish our lunch and talk about the rugby).

    Mind you, I have walked away before they kept ringing and upping their offer over and over again, so maybe walking away is negotiating - but for me, I just don't wish to waste my time haggling.
     
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    homeriscool

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    ...and just to wrap this thread up, cutting through the noise that doesn't matter.


    This is true and is fair advice for anyone with a small business and wanting to sell.


    Again, true and fair advice. When I'm giving this advice, I use private number plates as an analogy.

    I have a private plate on my car, it's worth a few grand to me but it's worth nothing to anyone else. The same applies to businesses; I've had different people offer different amounts for my businesses. I always say, make me an offer of what it is worth to you, if I like that number I'll accept and if it doesn't work for me then I won't, and I'm not offended nor try to convince them why it's worth more.


    The only difference I'd add here is that, personally, I don't negotiate. I find wasting time negotiating is taking time away from growing and moving the business forward. The thought of selling can be a distraction, and most tyre kickers don't go anywhere. You have to learn to sniff them out and don't allow yourself to be distracted by them.

    I ask them to make me an offer and I either shake on it or I thank them and walk away (or finish our lunch and talk about the rugby).

    Mind you, I have walked away before they kept ringing and upping their offer over and over again, so maybe walking away is negotiating - but for me, I just don't wish to waste my time haggling.

    Ozzy, I do agree @Clinton adds some gold nuggets of information to the forum.

    He just lets himself down with his delivery.

    But hey, sometimes we've just got to read between the lines ;)
     
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    Lucan Unlordly

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    Like you 'homeriscool ' I have an obvious buyer but they've taken another route and have tried to replicate what we do.
    They will only be successful if they can take all of our customers overnight but having tried 5 times in the past 15 years, with a 6th attempt on the horizon I can't see that happening.

    It sounds like your in a similar strong position?
     
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    homeriscool

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    Like you 'homeriscool ' I have an obvious buyer but they've taken another route and have tried to replicate what we do.
    They will only be successful if they can take all of our customers overnight but having tried 5 times in the past 15 years, with a 6th attempt on the horizon I can't see that happening.

    It sounds like your in a similar strong position?

    Yes, it sounds like we're in a similar position.

    Maybe we should increase our fee's everything they attempt to cut us out?

    20% ?

    😅
     
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    matlob

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    I don't post on here often but there is always a huge pile on for new posters by the established few.

    Most posts I view are replied to by the same 4 or 5 people and anybody new here doesn't last long. There are no hi's, welcomes, just a "we are better than you and your business is worthless" or ' I can start up the same business so it's a crap idea'.

    Doesn't take much to be nice even if you have negative input. If someone asked asked you a question in real life you wouldn't talk like you do on here that's for sure.

    It will get to the stage when it's just 5 users with nothing to talk about and nobody to brag to.
     
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    ctrlbrk

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    I don't post on here often but there is always a huge pile on for new posters by the established few.

    Most posts I view are replied to by the same 4 or 5 people and anybody new here doesn't last long. There are no hi's, welcomes, just a "we are better than you and your business is worthless" or ' I can start up the same business so it's a crap idea'.

    Doesn't take much to be nice even if you have negative input. If someone asked asked you a question in real life you wouldn't talk like you do on here that's for sure.

    It will get to the stage when it's just 5 users with nothing to talk about and nobody to brag to.

    I agree some of the regulars could probably be more open-minded when a new business proposal is put forward.

    The CEO of a corporation I worked for used to say that ideas are very fragile and need to be protected, especially at the inception stage,

    There are, I imagine, a lot of enthusiastic young people wanting to propose their new business model and the blunt feedback can be a turn off.

    Ozzy did change the Code of Conduct to do away with most of what you say. However, enforcement is another matter.

    There is also the issue that a lot of new accounts posting actually just want to post a link to their website, self-promote, or even spam. Personally I tend to dismiss those very quickly.
     
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    I agree some of the regulars could probably be more open-minded when a new business proposal is put forward.

    The CEO of a corporation I worked for used to say that ideas are very fragile and need to be protected, especially at the inception stage,

    There are, I imagine, a lot of enthusiastic young people wanting to propose their new business model and the blunt feedback can be a turn off.

    Ozzy did change the Code of Conduct to do away with most of what you say. However, enforcement is another matter.

    There is also the issue that a lot of new accounts posting actually just want to post a link to their website, self-promote, or even spam. Personally I tend to dismiss those very quickly.

    TBH I'm increasingly drawn to the conclusion that I'm too old for this site, with little time for the trend of threads that scream 'tell me what I want to hear' or ' pretend to ask a question in the form of self promotion"

    Then psychopathicaly responding to anyone who says what they want to hear, and attacking those who don't.

    The real world of business of tough. Anyone who can't handle the tough love on here probably isn't ready for it.

    The huge difference being is that people on here will say what they think. Out there, people will respond by ignoring you.

    You don't have to agree, but you'd be a fool to completely ignore the negatives.
     
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    ctrlbrk

    Free Member
    May 13, 2021
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    TBH I'm increasingly drawn to the conclusion that I'm too old for this site, with little time for the trend of threads that scream 'tell me what I want to hear' or ' pretend to ask a question in the form of self promotion"

    Then psychopathicaly responding to anyone who says what they want to hear, and attacking those who don't.

    The real world of business of tough. Anyone who can't handle the tough love on here probably isn't ready for it.

    The huge difference being is that people on here will say what they think. Out there, people will respond by ignoring you.

    You don't have to agree, but you'd be a fool to completely ignore the negatives.
    I don't disagree Mark.

    I think you are right in saying the world of business is unforgiving and people should be able to handle some tough love.

    But there's a difference between telling people some hard truths and behaving like an a-hole.

    It is perfectly possible to do the former without doing the latter.

    Take you, for example. I find your posts deliver the right message without being condescending.
     
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    homeriscool

    Free Member
    Aug 31, 2007
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    I don't post on here often but there is always a huge pile on for new posters by the established few.

    Most posts I view are replied to by the same 4 or 5 people and anybody new here doesn't last long. There are no hi's, welcomes, just a "we are better than you and your business is worthless" or ' I can start up the same business so it's a crap idea'.

    Doesn't take much to be nice even if you have negative input. If someone asked asked you a question in real life you wouldn't talk like you do on here that's for sure.

    It will get to the stage when it's just 5 users with nothing to talk about and nobody to brag to.

    This is exactly why I was so annoyed at the response I got to my question.

    It feels like you're being jumped on by "the mob"

    Whatever happened to people helping each other?
     
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    homeriscool

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    Aug 31, 2007
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    I agree some of the regulars could probably be more open-minded when a new business proposal is put forward.

    The CEO of a corporation I worked for used to say that ideas are very fragile and need to be protected, especially at the inception stage,

    There are, I imagine, a lot of enthusiastic young people wanting to propose their new business model and the blunt feedback can be a turn off.

    Ozzy did change the Code of Conduct to do away with most of what you say. However, enforcement is another matter.

    There is also the issue that a lot of new accounts posting actually just want to post a link to their website, self-promote, or even spam. Personally I tend to dismiss those very quickly.

    Blunt feedback is the best way to describe this issue.

    It's like mob mentality.

    So what if people ask dumb questions?

    They're here to learn.

    If they knew the answer, they wouldn't ask.

    @Ozzy, I joined this forum in 2007, and this place seemed much friendlier back then.

    What happened?
     
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    Lucan Unlordly

    Free Member
    Feb 24, 2009
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    .............as I saunter into old age I frequently come across reminders, things people told me to do that I didn't. Had I been more open to criticism and transferred the skill a wise old sage taught me when I took up the noble art of hitting each other in the face, 'listen to everyone and work it out for yourself' I believe I'd have gotten to where I am now a lot quicker.

    Rather than be offended by criticism, learn from it and dismiss it when you have found the better way.
     
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