M&A Advisor Tip: Know when it is time to sell.
When you no longer have the fight, get out of the ring.
Burnout is the second leading reason business owners sell, after retirement. Many business owners hold on too long, long after their drive has gone. When that happens, the business stops growing or even starts going backward – and the value of the business declines.
The best time to sell is when you’re energized and motivated by your work. If you see burnout on the horizon, find ways to reduce your burden or start preparing to sell your business.
For further information contact Al Statz, 707-781-8580 or alstatz@exitstrategiesgroup.com.