when is the right time to sell your business?
TRANSCRIPT
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Unfortunately, most business owners leave it too late to think about
selling their business.
When you actually have to sell it is
often more difficult to maximise the
value of your business.
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Retirement is a great reason to sell and it’s
a reason prospective buyers can relate to.
Putting early plans in place will ensure you
are well prepared financially so you can
minimise the tax impact and live the lifestyle
you dream of.
Retirement
Having to sell your business because of
illness, yours or someone else’s, is very
difficult and gives you little or no control of
the timing.
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Illness
A lack of, and a need for, capital are reasons why
a business owner may be forced to sell.
Not having the resources and cash flow to
expand and grow your business can be tough.
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Cash flow issues
Owning your own business is often demanding.
Personal time and time out with family and friends
can become almost non-existent.
It this sounds like your life – take a break!
Find someone to run the business while you have
a short break, or shut up shop. It can make a big
difference and if you still feel the same when you
get back then it may be definitely be time to sell
your business.
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It’s just time to move on
Being in dispute with a partner is a nightmare and
the business often suffers through a lack of focus
on its every day operations.
If the differences are irreconcilable then get on with
life and look at your exit strategies.
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Conflict with a partner
Nobody starts out to fail but there comes a
time when you have to face the facts and be
brutally honest with yourself.
If your expectations are not turning into
reality, your business is losing and you can't
dig your way out of it then you may have no
choice except to sell.
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Failing in business
The best time to sell your business is when it is at its
peak.
It’s easy to show it is profitable and this is when you
will get the best price for it.
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Business is booming
Whatever the reason for selling, once the decision is
made you need to ask yourself…
“Who will sell the business?”
You or a broker?
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Who will you sell your business?
There is no doubt that the person who owns the
business knows it best and this can be a real
advantage when selling.
But you also need to know how to handle the sales
process so you can get the best price and the best
buyer.
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No-one knows your business like you do
Determine your ideal buyer, how to find them and how to
communicate the value of your business.
Conquer the paperwork so you can eliminate confusion
during the selling process.
“Click here to grab this express Email Course”
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Learn the insider secrets
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09
About Us
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Need more information?
Determine your ideal buyer, how to find them and how to
communicate the value of your business.
Conquer the paperwork so you can eliminate confusion
during the selling process.
“Click here to grab this express Email Course”
03
Grab the e-course now