10 Common Myths About Selling a Business

Selling a business is one of the most significant decisions a business owner can make, often marking the culmination of years of hard work and dedication. Yet, despite its importance, the process of selling a business is frequently misunderstood, leading to misconceptions that can complicate or even derail the transaction. Without proper guidance, business owners may encounter unforeseen challenges, from inaccurate valuations to prolonged timelines.

This article sheds light on ten common myths about selling a business and provides insights to help you navigate this complex journey with confidence and clarity.

Myth 1: You Can Sell Your Business Quickly

Reality: Selling a business typically takes 6-12 months or longer. Factors such as market conditions, the business’s financial health, and buyer interest can significantly affect the timeline.

Myth 2: My Business is Worth Whatever I Want It to Be

Reality: The value of a business is determined by market demand, financial performance, opportunities for growth, and industry trends. Professional valuations are crucial to set a realistic price.

Myth 3: All Buyers are the Same

Reality: Buyers vary widely in their motivations and financial capacities. Some are strategic buyers looking for synergies, while others are financial buyers interested in ROI.

Myth 4: Confidentiality Can Be Completely Controlled

Reality: While efforts are made to maintain confidentiality, leaks can occur if the process is not properly controlled. Using non-disclosure agreements (NDAs) and working with experienced advisors can help mitigate risks.

Myth 5: Selling Means I Have to Leave Immediately 

Reality: Many sales include a transition period where the seller remains for a set time to help transition their knowledge and support the new owner.

Myth 6: A Great Business Sells Itself

Reality: Even profitable businesses require strong marketing and a professional approach to attract qualified buyers.

Myth 7: I Can Handle the Sale on My Own

Reality: Selling a business is complex and requires the expertise of specialist business advisors, lawyers, and accountants to navigate deal management, legal, financial, and operational aspects.

Myth 8: The Buyer Will Pay My Asking Price

Reality: Buyers often negotiate to reduce the price based on due diligence findings or perceived risks, but an experienced advisor will help to manage and mitigate any value erosion.

Myth 9: A Higher Price Means More Value for Me

Reality: Tax implications can significantly reduce net proceeds. Planning for these costs is essential.

Myth 10: Only Failing Businesses are Sold

Reality: Thriving and successful businesses are sold for strategic reasons, such as synergies and diversification, the sellers seeking a retirement or possibly pursuing other ventures.

Selling a business is far from a straightforward process – it requires careful planning, expert knowledge, and the ability to anticipate potential challenges. By debunking these common myths, you can better understand the realities of the selling process and take proactive steps to set the sale up for success. Partnering with a specialist advisor is a critical component of this journey.

How We Can Help

Our team of experts work with business owners throughout the entire exit planning and deal process – from accurate valuations and effective marketing through to negotiations, due diligence, and finalising the sale.

With the right support and preparation, you can achieve your goals and maximise the rewards of selling your business. Ready to talk? Contact Geoff Pinder (07717 874357) or Nick Lankester (07760 270728) for a confidential discussion, and find out more about our Business Exit Review service.

Testimonials

What our Customers Say

The MGroup have really been there for me and my business through the good times and the more difficult ones. Their advice has always been spot on, and has really ...
Read More
Jessica Harvey-Smith
Debate Chamber Limited
The MGroup have really been there for me and my business through the good times and the more difficult ones. Their advice has always been spot on, and has really helped me to plan ahead and to consider angles on decisions which I might not have thought about otherwise. As well as being admirably clear and straightforward, everyone I have dealt with there has been friendly, patient, and thoughtful, and has really taken the time to get to know my business.
Jessica Harvey-Smith
Debate Chamber Limited
Mark has given me excellent Corporate Finance advice and support for 3 years and I would thoroughly recommend him. He is very tenacious in finding suitable companies to acquire and then ...
Read More
Mark Swaby
Management Buy In client
Mark has given me excellent Corporate Finance advice and support for 3 years and I would thoroughly recommend him. He is very tenacious in finding suitable companies to acquire and then good at negotiating and putting deals together, including the all important funding. He is also very innovative in finding solutions to issues arising along the way.
Mark Swaby
Management Buy In client
Without a doubt, I recommend speaking with The MGroup. They are very knowledgeable, very understanding, have a good feel for our business and accommodate us quickly when we need help. ...
Read More
Peter Mace
Managing Director, TT Concrete
Without a doubt, I recommend speaking with The MGroup. They are very knowledgeable, very understanding, have a good feel for our business and accommodate us quickly when we need help. We frequently get approaches from other accountancy firms and I tell them that we have no need to look elsewhere as everything is catered for very efficiently by Peter Smith and his team. I couldn't fault them.
Peter Mace
Managing Director, TT Concrete
I have nothing but admiration and respect for Geoff, Sandie and Lesley, the team at MGroup Corporate Finance who led us through the sale process - they are...
Read More
Dan Graham
co-founder of F45 Training Stratford
I have nothing but admiration and respect for Geoff, Sandie and Lesley, the team at MGroup Corporate Finance who led us through the sale process - they are true professionals. Our key contact was Partner, Geoff Pinder, who took us under his wing, asking the right questions to help us make sensible decisions and protect our best interests. From the very first conversation it felt like they cared as much about our endgame as we did. We were both under a lot of pressure to close the deal and move on with our lives, so having a team we trusted by our side as we navigated game-playing, time-wasting potential buyers, was incredibly helpful. They are all wonderful people, and I would highly recommend you talk to them if you’re planning to exit your business.
Dan Graham
co-founder of F45 Training Stratford

Latest News

Keep up to date with the latest news & Updates from The MGroup

Five Years On: How Business Has Changed Since COVID and How The MGroup Has Adapted

It’s been over five years since the world changed overnight. In 2020, business went remote, offices emptied and digital-first became essential. Now, in 2025, the...

Successful Sale of UK Logistics Firm Facilitates Retirement Exit

SFI Logistics Ltd (SFI), based in Twickenham (SW London), is one of the largest furniture installation companies in the UK and their extensive range of...

When Founders Fall Out: Expert Advice for a Strategic Exit

In business, relationships matter. Many companies are founded on trust, shared vision, and a handshake between friends, colleagues, or family members. But as time goes...

From Trainee to Partner: Why The MGroup’s Training Programme is More Than Just a First Job

We’re proud to have been recognised as a Gold ACCA Approved Employer since 2002, a status we’ve maintained for over two decades. ACCA carry out a detailed...

Making Tax Digital for Income Tax: What Self-Employed Professionals Need to Know Before 2026

From April 2026, significant changes are coming for individuals who are self-employed or receive income from property. As part of HMRC’s ongoing Making Tax Digital...

Game On: The MGroup’s Business 6-a-Side Tournament Dream Teams Are Forming, Are You In?

There’s something brewing at The MGroup and it’s not just year-end accounts. Save the date: Thursday 10th July 2025. Two teams. Two captains. One goal. Glory at...

Spending Review Sparks Instability – Are You Exit-Ready?

The UK Government’s recent Spending Review revealed a series of ambitious, long-term investment plans designed to shape the country’s future. From infrastructure...

Beat the Tax Rise – Exit Before April 2026

If you are a business owner with thoughts of selling or exiting your business in the next few years, there’s a crucial deadline looming that could have a significant...

How Long Does It Take to Sell a Business? A Realistic Timeline for Business Owners

Selling a business is a major milestone for any entrepreneur. Whether you're looking to retire, pivot to a new venture, or simply cash in on years of hard work, it’s...

🌄 We’re Taking on the Yorkshire Three Peaks for SeeSaw Oxford! 🌄

This May Bank Holiday, a team from The MGroup will be swapping calculators for crampons as we take on the Yorkshire Three Peaks Challenge in aid of SeeSaw Oxford, an...

Jordan Lyne

Partner

Jordan has worked with various client’s over his ten years at The MGroup. The services provided range from bookkeeping, VAT returns, annual accounts and management accounts. He has been involved in recruitment of new staff members and helped move the firm on with it’s systems by creating and improving internal controls and procedures.

Jordan manages his resources efficiently to meet deadlines and where clients have specific requirements, he works closely with them to ensure these are both feasible and met in a timely manner. Jordan has clients in various sectors, ranging from international companies to smaller locally based businesses.

Wendy Tatham

Partner

Wendy joined the firm in 2015, after starting in finance for the NHS and then qualifying with another local firm of accountants. She brought with her experience across all areas, having previously managed payroll support, corporate and personal tax compliance and planning alongside other general practice elements.

Wendy works with clients across a range of sectors and enjoys supporting them with their statutory reporting, internal financial processes, corporate and personal tax planning and business advisory services. A key area of interest is working closely with her clients to support them with growing and restructuring their businesses to align with their long term goals.

In her spare time Wendy is the lead volunteer for Oxfordshire Scouts, supporting 95 Scouts groups across the county to deliver a fun programme of activities to young people aged 4 to 24.

Geoff Pinder

Corporate Finance Partner

Geoff has operated in the Mergers & Acquisitions and the corporate finance arena since 2004. He has held Executive roles leading and managing the performance and productivity of cross functional teams focused on delivering a high quality service to clients across complex portfolios.

Selling a business is a life changing event, and Geoff’s passion is working with businesses owners to help them explore the various exit options and strategies available to achieve their objectives, leading to excellent results for all stakeholders.

Geoff has been involved in over 500 deals across multiple industry sectors, working predominantly on the sell side of transactions, including sales to strategic buyers, private equity, and MBO’s.

Darren Green

Partner

Having grown up in North Oxfordshire, Darren joined The MGroup in 1999 as a trainee, qualified in 2003, and became a partner in 2010. Darren is best known for his ability to ‘go the extra mile’ for clients; even changing a flat tyre outside the office when it was discovered after a meeting, helping his clients to safely make their way home.

Aside from changing tyres, Darren enjoys helping clients to grow their varied and interesting businesses, and gaining insights into a wide range of sectors. In particular, he likes working within the corporate finance team, assisting with financial projections and due diligence for prospective buyers. Darren enjoys the challenging and pressurized nature of this type of work. Many of his clients are from manufacturing, technology or start-up backgrounds.

In his spare time Darren is a family man and he also enjoys sport, including football, skiing and running. He has taken part in a 26 mile walk for a cancer charity with colleague Geoff.

Peter Smith

Partner

Peter joined The MGroup in 1990 and became a partner in 1996. Originally from Wiltshire, Peter is a member of the Oxford Chamber of Commerce where he has been a Chamber council member for over 20 years.

Helping to provide a complete finance solution to companies is one of Peter’s key focus areas. He believes this to be a service that sets the partnership aside from its competitors, alongside The MGroup values and employees.

Peter provides financial mentoring, support with strategy and planning, solutions to increase profitability and improve cash flow, and help with expansion/diversification plans. His specialist interest areas include not-for-profit, healthcare and international organisations.

Peter enjoys the opportunities and challenges he is faced with every day at The MGroup and making a difference to clients’ lives. He is also a keen local charity supporter, regularly helping to raise funds and awareness for SeeSaw and SpecialEffect where he is an ambassador.

Outside of work, Peter is a Chelsea Football Club season ticket holder. He likes walking in the local area, especially if there is a pub or café at the end of the walk, and enjoys holidays in Devon, in particular to a secret escape in Dartmouth.

Richard Clayton

Partner

In 1984 Richard became the youngest ever partner at The MGroup at the age of 27 and is now the longest serving partner. Richard is a true team player, having been a prominent local footballer in his early years. He very much brings the team ethos to The MGroup who like to work as an integral part of their client teams.

Richard qualified in 1982 and has worked with many of his clients for decades, evidence of the excellent service provided by both Richard and the firm. Richard is proud of the firm’s exceptional reputation. He continues to develop new strategies and explore improvements to the services they provide and remains highly ambitious and committed. Outside of work Richard enjoys golf, football, spending time with his family and the very occasional glass of wine (normally accompanied by too much food!).

Richard has a depth of knowledge and experience in all areas of the construction industry and also deals with most of the firms agricultural clients. He also deals with a wide range of other clients which include a substantial number of UK subsidiaries of overseas companies together with a number of high profile local businesses. Richard is a firm believer that the role of a trusted accountant is to provide clients with the best possible advice and support. The client does not always have to follow advice but he believes they must have all options on the table to form a meaningful decision.