The best time to sell a business is when you don't need to sell, as financial stress about monthly operations indicates it may be time to consider selling.
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12 Million Dollars for a tape company😳Added:
Watch it. 45 lb tip.
>> Is this the best pitch on Shark Tank?
>> BOOM.
>> THAT is strong tape.
>> But wait, there's more.
>> Oh, there's more. Watch this.
>> It's like butter, baby. By simply listening to athletes, we've developed an entire line of sports medicine products.
>> I bet with those numbers you tossed out.
>> Oh, the numbers.
>> Yeah, the numbers.
>> Sales about 24,000 sales.
>> That's it. Yesterday.
>> Yesterday.
>> Yesterday.
>> Yesterday. So, you got So, time we've sold about $12.2 MILLION. WHAT?
>> WOW.
>> What do you need the 500,000 for?
>> It's a cash flow business. I don't order one time at the beginning of the year.
I'm ordering and getting shipments every month.
>> You're basically breaking either.
>> Basically, >> has anybody approached you to acquire you?
>> Why haven't you pursued any of that?
>> Because I'm on the fence of should I sell it or sell it? You think I should sell it?
>> I learned a long time ago the best time to sell is when you don't think you need to sell. When you don't need the money.
If you have to stress every month about that next month, it's time to
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