Selling a business after spending years of building it up can be a HUGE Emotional Decision.
More often than not, the decision may be forced upon us without due planning for exit strategies.
The most common reasons for selling a business are:
The D’s – Death, Disability, Debt, Divorce or Despair.
Each has it’s own length of time for forcing the business exit.
All of these have a huge element of emotional impact on your ability to work and make consistently great business decisions.
Most of all, if it impacts you enough to lose your passion or you have already lost your passion, then exiting the business may be your best decision.
Not all business sales are for bad reasons.
There is quite a lot of movement in businesses due to mergers (of like competitors), acquisitions (of competitors or suppliers) or, realising the business profit whilst you have a chance before one of the other reasons takes over. It may simply be because this business is being used as a stepping stone to get you into another business or better financial position.
Whatever the reason, this is only made available to the Buyer with your written permission. Most buyers will want to know, but our focus is on obtaining the best sale price for you in the market. We are not in the business of creating fire sales.
Often we can assist you with Coaching to realise a greater business sale price through the implementation of systems and reviewing your business operations.
