When is the right time to sell your business?
How much money will you need from selling your business to satisfy your retirement and other personal goals?
Selling your business is obviously a very difficult personal decision
However, if one of the primary purposes of owning your own business is to provide for adequate resources for retirement then your decision might be easier than you might realize. If so, here are a few questions to answer:
How much money will you need from selling your business to satisfy your retirement and other personal goals?
If you have an idea about these needs, we can help with a simple triangulation calculation to determine the required value you will need to extract from the sale of your business to achieve your target.
What is the current and projected environment for selling a business?
Although timing the market is somewhat of a guessing game, business cycles do occur and greatly affect the value of a business.
One of the hardest decisions to make for a business owner is to sell their business when things are going well… this is, of course, the best time to sell a business to maximize value!