Selling your business: Timing is critical
Do you feel stuck in your business? Have you hit a wall and don't have the energy or desire to take your business to the next level?
The key to selling your business is to recognize this shift in attitude early. Every business owner feels burnt out at some point, but the way you react and handle that frustration can be detrimental to your business.
The best time to sell your business is NOT when you feel ready to walk out the door.
Don't wait until business declines! Holding on to the business after you've lost your passion and drive will stunt the company's growth, hurt the business value, and significantly impact your ability to receive the value you need for your Life Beyond Business™ when you do exit the business.
You can't leave the emotion out of selling your own business...you need a professional, objective advisor
Selling your business is extremely emotional. Many different thoughts go through your head: What will I do? How will I be perceived by my peers? How will I define myself? Will I be financially able to maintain my lifestyle?
Preparing for the sale of your business is not a decision to be taken lightly. Our advisors take time to get to know your specific situation and goals, and then help you decide if now is the right time to sell. We provide guidance so you can make informed decisions through each step of selling your business. Our priority is to prepare you and your business for a positive transition, while maximizing your financial outcome.
Are you stuck in the sand? If so ask yourself these important questions
- Do you have the energy to run and operate your business?
- Can you face new competition or deal with adversity or changes in your industry?
- Do you want to implement a new strategy and scale your business to the next level?
- Has your business grown in the past 3 years?
- Does a vacation from the business refresh your motivation to grow or scale the business?
If you answered "no" to most of these questions, you should click the button below and connect with one of Metro's business brokers.
Being proactive allows you to control the situation; when you are reactive, the situation controls you. Proactive business owners who prepare to sell in advance receive two times more for their business than owners who wait and react when they are ready to walk out the door.