To Sell or Not to Sell: Is 2019 the Right Year for You?
When it comes to commercial business sales Calabasas, timing is everything. Selling at the wrong time can keep you from selling at maximum profit or you may take longer to sell. Our job at So-Cal Business Brokers is to do the research, read the signs and let you know when it’s time to sell. If you are thinking of listing your business in 2019, there are certain signs we recommend you look at.
Lack of motivation
One of the most important paths to success is business growth. Growing your business, however, takes a lot of energy. You need real motivation in order to move your business to the next level of growth. If your business doesn’t grow, you run the risk of stagnating and achieving less profitability. One of the questions we ask clients considering commercial business sales Calabasas is if they still have the motivation to grow their business. If the answer is no, we recommend selling. The case is the same if you are at a point where you are not sure you have what it takes to take your business to the next level. Conducting a business valuation and choosing to sell is a great idea if you no longer enjoy running your business.
It is no longer satisfying or exciting to run the business
Owning a business should make you feel both satisfied and excited. If you are not having fun anymore and going to work doesn’t excite you, then selling might be the best way forward. Most of the clients we recommend they sell are those who feel burnt out and tired about running their business. This is one of the main signs that a client is really ready to sell.
Business has outgrown your skills
After achieving a certain growth level, you might feel incapable of running the business. In most cases, business owners at this point are only interested in running daily operations instead of focusing on new growth. If this is the point you are in, we first advice that you hire a management team so that you will only be making the major decisions. However, if you are completely disinterested in running the business, we recommend selling. Most of our clients sell and end up buying into a smaller operation that suits them better.
If these points have led you to believe that 2019 is the right year for you to sell, you best next step is to contact us. Visit our website and schedule a free consultation with one of our experienced business brokers in Los Angeles. Our team has the experience needed to support you on the business sale journey. Feel free to contact us if you are not sure if your reason of selling is a good one.