7/22/2023 0 Comments Sell my businessThat is, until they hear an offer that piques their interest and it becomes clear that the benefits from selling outweigh the overall cost of keeping the business going. There are other situations where the owner has no thought of selling their business. If any of the above sounds like you, reach out to us and we’ll connect you with a qualified and capable buyer who will be sure to maintain your legacy. We work hard to connect the right buyers with these sellers in order to ease the transition and make sure everyone comes out a winner. It’s possible that a relative falls ill and the owner has to quickly relocate to take care of them.Īt Acquira, we’ve encountered many sellers who are looking for a change for a variety of reasons. Owners or their family members can also be stricken by sudden illnesses, causing them to have to redirect their attention and resources. This may prompt them to start looking for someone to buy the company. If there’s no one capable of picking up the slack, the business could be negatively affected. Oftentimes, business owners get to an age where they can’t handle the physical labor anymore. Health ConcernsĬhanges to health can be another big motivator to sell a business. Maybe their spouse gets a great job opportunity in another state or their child gets accepted into a prestigious prep school. It’s also very common for business owners to relocate because of family. Sometimes they want to move to a different economic environment and start something new. Maybe they’re sick of dealing with the cold or the weather’s too hot. Sometimes, people may simply want a change of pace. If this type of entrepreneur sounds like you, give us a call to learn more about how we can help with your next business acquisition. The point is, it’s very common for someone to start a company, build it up, and then sell it before moving on to a new project. After all, Elon Musk is perhaps best known for his work with Tesla, but he’s also been known to spend some time looking at the stars and burrowing underground. They’ve gone as far as they can with their current business and they have a new idea they want to try out. You’ll hear the words “serial entrepreneur” bandied about quite a bit in and for good reason – people often just want a change. It’s also possible that the owner may just be looking for new opportunities. Instead of seeing their legacy go to waste, they decide to sell the business to someone who will oversee it and make sure their employees are taken care of. Specifically, these individuals are ready to retire and they have no children waiting to take over the business. After decades of pouring their energy, resources, and time into building a company, it makes sense that they would want to take a break. They reach a certain age and they want to relax. It’s Time For A Change Retirementīy far, the biggest reason that people want to sell their business is retirement. At Acquira, we’ve encountered sellers from all walks of life and we’ve seen a few commonalities that might help someone who is thinking about selling make the right decision – whether they should list their company or it’s just not the right time. Whatever your position in life, deciding when to sell your business is never an easy call. Many young entrepreneurs have gone as far as they want to go with their businesses and are looking to make a graceful exit. Many people from the Baby Boom Generation started companies over the years, now many of those same people are looking to get rid of those companies.īut it’s not only Baby Boomers who are looking to offload their enterprises. “ Should I sell my business?” is an all too common question in this day and age. You’ve given people jobs, you’ve helped people succeed, but you’re starting to get a nagging feeling: maybe it’s time to move on. You had an idea, a skill, or some sort of expertise that allowed you to succeed and create something that you’re proud of. You’ve built your business from the ground up. Why you should always have an exit plan. How to weigh the opportunities for selling against the cost of keeping a business.
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