Over the last few years, we have seen some big companies selling their businesses or parts of their business. Most of us remember the recent acquisitions: WhatsApp and Instagram sold to Facebook; Tumblr to Yahoo; Waze, Picasa and QuickOffice to Google; Nokia and Dell to Microsoft, and the list just goes even beyond the technology department.
When big companies can sell and make a profit from selling their businesses, then why people are afraid to do the same thing when selling a business on a smaller scale?
Selling your business is always regarded as a bad move, a step that defines the end of the company, but it is no more than a myth. Paras Pharmaceuticals, one of the leading pharmaceutical companies of leading FMCG (Fast Moving Consumer Goods) and OTC (Over The Counter) segment has established its base in household goods with brands such as Moov, D'Cold, Dermicool, Itch Guard, Crack, etc. in.
In December 2010, the company with one of the two units of production is sold to a UK-based Reckitt Benckiser-group Girish Patel is a 30% stakeholder. It was the brand he Receivables nearly Rs.900 crore.
It shows how to sell a business is not what it worked out to be. Both sell bad business, is also not the end of the company. This can often mean many advantages for sellers and a better future for the company is sold.