Although you may know it’s the right time to sell, that doesn’t mean the decision will be an easy one to make. Not only are there key practical elements to consider – the financial arrangement, the strategy of incoming management, the impact on your employees, etc. Letting go of the business you built from the ground up can be very emotional, too.
1. The timing of your sale2. What the buyer wants
3. Who do you want to sell to?
4. What do you want out of the sale?
Some possible reasons for selling a company are:
- Retirement
- To profit
- The business is in-demand and growing
- Relocating to another city or country
- Starting another business
- Focusing on another existing business
Selling your business is a time-consuming and complicated process that can often be very emotional and difficult to complete. Once the sale is completed, it will give you the room to pursue new opportunities.
Reach out to me if you are ready to discuss.
Steve Niehaus, MBA, CBI, CM&AP
239.565.3171
