The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it.
When should I sell my company?
Like every important business decision, timing is everything.
After years of growing your company, it feels like a part of you. But there likely will come a day when it’s time to sell—and it may be today. These are common scenarios when selling your company can be the right choice:
When you’re ready for a new challenge, but want your company to keep thriving. Maybe you want to launch a new business, explore a new career, or just need time to plan life’s next adventure. Whatever the reason, if you also want to protect your company and the people in it, it makes sense to sell to new owners who share your concerns—and who will work to ensure the company’s people, culture, legacy, and ongoing success are protected.
When you need cash. Whether you have an immediate or future need for liquidity, the sale of your company can be structured to help you achieve your financial goals.
When you want less pressure and fewer responsibilities. No one knows better than you the personal satisfaction of business ownership. But you also know the enormous stress of being ultimately responsible for your company’s success. The satisfaction of having built a successful company will remain with you after its sale—but the daily pressures of running it won’t.
When it’s time to retire. All of us would like to spend our retirement with not only abundant financial resources, but also abundant time in which to enjoy them. Selling your business now instead of waiting for “someday” can give you both.
Now could be the right time to sell your company. Consulting with an Acuent Capital professional could help you decide. Contact us today.
