4 Questions to Help You Decide to Sell Your Business

Written by: Mark Blackton | Molliter Advisory

As you think about your business, consider that it is more than just your treasure. It also comprises much of your life, your time and talent. Now that you have built your business, it may be time to seek a better use of these resources.

Consider the following questions:

Have you achieved your financial goals? Can you change direction without harming your lifestyle?

Are you ready for a change? Do you need to renew or redirect your passion?

Is it time to travel and see the world?

Are you needed at home?

If the answers to these questions are predominantly “Yes”, perhaps it is time to transition or sell. It is also important to move before you lose enthusiasm for your business. A decline in value due to a loss of owner enthusiasm can often occur in these instances.

Related: Is My Company's Value Where It Needs to Be for Succession?

We often see business owners put off the all-important decision to sell their businesses. Don’t fall into that trap. Sell or transition your business if continuing to own it is not the best use of your time, talent and treasure.