Achieving Liquidity Event could be as difficult as building a business: steps needed before selling your company

Abstract

Entrepreneurs start business in order to be their own boss and determine their destiny . Most entrepreneurs have few things in common, freedom to make decisions and implement their vision. Entrepreneurs start business to avoid working for someone. Their primary objective is not making money but do what they like most. Money becomes the reward for their hard work .Although, thousands of individuals start businesses eve-ry year, the success rate is low. The major reasons for fail-ures are due to not having adequate information about the business, not understanding the pikes and valley of busi-ness and competition prior to launching the business. Not having passion for the business may contribute for the fail-ure.