In episode 3 we are going to talk about how fear can have an negative impact on Entrepreneurs with a particular focus on buying and selling businesses.
The number of acquisitions in the UK is far behind our Global counterparts and that is often due to fear of failure.  The number of business closures in the UK where the owner shuts the doors instead of selling their business is extremely high and has been costing the economy £64 million per year in turnover that could have been passed into the hands of new ownership.
Often a business owner will wait too long to implement an exit strategy and this has a negative impact on the final valuation of their business and it is fear of the unknown post business ownership that causes this to happen.