When to sell your business

Deciding when to sell your business is a difficult decision for any business owner. Research has shown us that the most successful business sales have been planned at least two to three years in advance prior to the sale, when the business is profitable and ripe for growth.

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Here are some signs that it is time to sell your business…

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• You want to retire.

• You want to change focus.

• The business has reached a value that will support your future lifestyle and you want to cash in.

• You have taken the business as far as it can go and the business would benefit from further investment to continue expansion.

• The risks are starting to outweigh the financial rewards.

• You feel burned out.

• You are concerned about Industry changes.

• Your health/personal circumstances have changed.

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At Bizmove we always recommend that you should plan to sell when you are on the top of your game, doing well and making money. Selling at this time will guarantee you receive the best price for your business.

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If you are considering selling your business, or looking for advice, contact the Bizmove team today.