Click here for a link to the full article by Jan-Philipp Peters published in AllBusiness.
Many founders of small businesses eventually encounter the question “Should I keep running my business or sell it?” Reasons for selling can be many, ranging from new family commitments, retirement plans, a desire to start new project, or simply falling out of love with the business. In any case, the decision is never easy. There are 10 questions any founder should answer to make the right call.
10 questions to ask before you sell your business:
1. Can the business be sustained in the long run?
2. Is there a challenge the business is not equipped to handle right now?
3. Can the business be passed on?
4. Could someone else take over daily operations?
5. Can you sell a piece of the business?
6. Is there an opportunity to “double dip”?
7. Is market timing right?
8. Is the business in good shape to be sold?
9. Has an advisor been involved?
10. Are there competing offers?
Is now the right time for you? Contact me to get started.
Steve Niehaus, MBA, CBI, CM&AP
[email protected]
239.565.3171