Is Now the Time to Sell Your Business?
November 19, 2014

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Have you been thinking about selling your business but just can't decide if now is the best time? Do you find yourself repeatedly analyzing the economic situation and wishing you had a crystal ball? There are positive signs and there are negative signs....
 
If you're still up in the air and can't quite decide whether or not to hit the eject button, here are five reasons you might want to consider about selling now. 
 
1. You're less interested in fighting the good fight
A lot of business owners took the Great Recession in the teeth. If you've got your business stabilized and the prospect of possibly having to fight through another recession leaves you anxious or panic-stricken, it could be time for you to get out.
   
2. The worst is behind you  
Let's say you were mentally ready to consider selling a number of years ago and then 2008 hit, and so in 2009 and 2010 you made cuts and adjustments, and now you're seeing some profit and revenue growth. With your numbers going in the right direction, now might be just the right time to make your move.
 
3. The tax man is coming
Governments around the world are looking for money to fund the cost of an aging population. At some point this will mean increased taxes.
 
4. Nobody is lucky forever
If you're lucky enough to be in a business that actually benefits from a tough and changing economy, congratulations... you've probably just had the four best years of your business life. But no cycle lasts forever and right now might be a great time to take some chips off the table.
 
5. The coming glut
As a business owner, demographics are not on your side. As the baby boomers start to retire in droves, we're going to have a glut of small businesses coming on the market. That's great if you're buying; but if you're a seller, you may want to avoid the flood and head for higher ground now.
 
If you're not sure whether you want to sell next year or 5 years, then it is time to get your Sellability Score from my website - at no chargeThe Sellability Score assessment allows you to see your business as a buyer would see it and to identify how you perform on each of the eight key drivers of sellability. The questionnaire takes about 13 minutes to complete and your responses are kept confidential and secure.

If you want help making your business more valuable or you just want to make 2015 Your Best Year Ever, give me a call. I am here to help!  Be Great.  Think Sellable.  Think More Valuable.

Jim Flemming
Certified Business Coach and  Sellability Advisor
FocalPoint Business Coaching Excellence
1-506-849-6319 or toll free: 1-877-223-0622