Has the notion of moving on from and selling your company come to mind of late?
If you responded with a yes, what will it take to get the job done?
When the plan is to sell my business, you want it all to fall into place.
With that in mind, what might be one or more reasons you think selling now is your best option?
You Feel Now is the Time to Make a Move
When contemplating selling, here are three reasons it can make sense:
- 1. Timing seems best – You may well be at a point where you feel the timing to sell makes sense. The last thing you want to do is hang on to the business too long and you do not get the price you had sought. Hanging on to it too long can also make it more challenging to sell. All this then does is lead to frustration and even some possible regret on your end. That is why you want to know your industry in and out. Knowing it well can give you a better sense of if now in fact would be the time to move on from the company.
- 2. You need a change – Another thought of trying to sell now is that you need a change. Many people get to a point in life where change is nothing short of a necessity. So, have you gotten to that point where you want something different in your business world? It may be that you need a change for your personal life moving forward. If you have gotten to a point where even burnout has seemingly set in, then selling now may be your best option. You want to be happy in both your career and personal life. If your career is not where you want it to be, going in a different direction becomes something to give thought to.
- 3. Offer you can’t refuse – If your business has been doing well over time, you may now have an offer that is too good to refuse. While you may like running a company and all that goes with it, money often dictates big decisions. As such, you feel that you would be foolish to pass up an offer this time around. You want to be sure that any potential buyer has been thoroughly vetted. The last thing you want or need is to have hang ups in trying to get a sale to go through. This then will entail some work on your end. Finding a middle man who can help make a sale is not a bad idea. There are companies out there to help people like you get your business listed. You want to be sure that one looking to buy your business has no red flags. They also have the money at the end of the day to make the sale a reality. Go into this process with a clear head and knowing exactly what you want from it.
When thinking of selling your business, how soon and successful will it be?