3 Signs It’s Time to Sell Your Business

One of the biggest keys to getting top dollar for your company is knowing when to sell your business. But, identifying the perfect time to put your business on the market can be tough. After all, you don’t want to list it and then see a major uptick in the market.

If you’ve been conflicted lately about the decision of whether or not to sell your business, check out these three undeniable signs that it’s time.

When Business is Booming

When you’re making a lot of money, you may be tempted to wait to sell your business until things cool down. But, if you want to find a quality buyer and sell for top dollar, they are going to want to purchase your company at a peak point in its sales. After all, few people are willing to bet on a losing horse.

When your revenue streams are strong, it may be time to consider a sale. But, how do you know whether to ride the wave or make a deal?

One option is to put your business on the market to see what kind of offers you get. When the right buyer comes along with an offer you can’t refuse, it will be time to seize your moment of retirement and move on to other projects.

When You’re No Longer Excited

While it’s ideal to sell your business when you’re at the top of your game, if you’re no longer excited about your business and willing to put in the work and financial investment it will take to continue to grow, it may be time to step back and let someone else take over.

Owner burnout is altogether common. The amount of energy and effort it takes to start a business is immense and sustaining that flow can be challenging even for the most organized and energetic CEOs.

When you feel like you’re ready to make a change, consider selling your business to finance a new vision.

When You Find an Ideal Buyer

Many people envision the ideal buyer of their business long before its time to sell. They know they want someone to take over their company that is able, determined, and inspired.

For some, they hope it is their child or grandchild who takes over the business forming a family legacy and using it to sustain future generations.

For others, it’s best to choose one of their top employees to buy them out. Someone who has been there at the helm for a while and who the owner is confident will be able to handle the challenges and rigors of the job.

If you don’t have either plan in place for your business, then your ideal buyer may just be the person who comes along and presents you with an offer you can’t refuse.

For Help Selling Your Business

No matter your situation, making the decision to sell your company is challenging. But, eventually, the time will come that it just makes sense.

When you see the writing on the wall that its time to sell your business, reach out to a professional for help. Although it’s possible to sell your business on your own, your liable to make mistakes along the way and leave money on the table. This is one of the largest financial transactions of your life. Allow someone with experience to handle it for you. At Dolan Sales, we have more than forty years of combined experience. Contact us today for a consultation.