When to sell your business
There are many reasons why a business owner may decide to sell.
It could be a result of a planned retirement and succession issue, an investor looking to exit, change of focus/non- core disposal or simply reaching a point where the business needs the support of a larger group to provide further investment to continue expansion.
It is imperative that you allow enough time to plan your exit and find the right buyer.
Many business owners do not think about selling until the business is in decline or they are ready to move on, as a result they have limited or reduced interest in running and continuing to grow their business. This is a less than ideal situation for any seller. Time to think like an entrepreneur, not the business owner.
Plan to sell when you are on the top of your game, doing well and making money. It will take time to find and engage a premium buyer and your energy, commitment and business success will directly and positively influence the final deal you secure.