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Failing is relative. Many failing businesses are sold every day, it is what IP, what value does the business contain that can be sold. There are entire indust
by davismwfl 8y ago
Failing is relative. Many failing businesses are sold every day, it is what IP, what value does the business contain that can be sold. There are entire industries built around buying failing companies and selling off the assets, or sometimes turning them around.
A huge percentage of all small business sales in the US are asset purchases, not stock sales. So for you, depending on your situation you may have valuable assets, e.g. client lists, clients themselves, technology, trademarks etc that all can be sold. Don't get hung up on a web address (unless it is hugely popular and almost a household name or similar). Also, just because you paid $5k for something last year, doesn't mean it is worth anywhere near that today, so don't get hung up on what you paid, get focused on how much things are worth.
You can approach competitors about purchasing your client list or technology if you strongly feel they can benefit. You can list the entire business for sale through a broker and just point out the warts but also the position and strengths. Lots of ways to go.