Mon, 22 March 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
For every business, there comes a time to sell it.
Ask these questions to find if now is the right time to sell your business.
Do you still want to run the business?
You may want to move on to new projects and opportunities and the current business may no longer be fulfilling.
Do you still believe in the business and what it can do for you?
Sometimes the market changes and the business opportunity is no longer there.
What can you get from the business today versus two years from now?
Now may be the right time to sell, or waiting a few years may give you a better exit. You may be able to sell it for more if you stay with it a little longer.
Do you need more funding and can you raise it?
If your business needs funding to continue and you can raise it, then do so. If you cannot, then consider exiting.
What do the other team members want to do?
Aside from your own interests, what do the other stakeholders want?
It takes a team to run a business. If they want an exit, that should be part of the consideration.
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Direct download: When_to_Sell_Your_Business.mp3
Category:general -- posted at: 6:00am CDT