Taliah Waajid
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think that you can make a really poor decision if you don't sell at the right time.
If you look at your business and you see different trends that are not going the way they were when your profit was higher.
If you can't turn it around, then you should be planning to exit.
My mentor told me this, that you should start your business with a plan to end it.
You know, as black people, we've never been told that, you know, that you start a business and one day you're going to sell it or end it, you know, have a succession.
situation or just sell it we're just 80 90 years old still you know in business right and you just never you never end you never retire anything so I think that's very important to have that thought in your mind you know
you know, the amount or figure, you know, they have an idea in their mind already of what they want to do with it.
You know, so you're not the one that's going to
I'm not going to buy yours.
If you don't want to adjust to what I want to do, because I'm the one with the check, then I'll find somebody else.
So it depends on the person who's selling it.
What is their point where they're going to say, I'm going to walk away because I don't feel like you're going to take care of my customers.
It depends on the profit margins because that's the first thing they're going to look at is their profit margin.
You know, they looked at your business because they saw that they can make money.
They're interested.