How To Make 2016 One Of The Most Profitable Years Of Your Life!
If you are a business owner, how can you make 2016 one of the most profitable years of your life? Answer – Call Mesa Business Broker Phil Reese and sell your business. You get lots of cash, extra free time, and less stress.
You may ask yourself, “Why should I sell?” The following is a partial list of reasons people sell. Do any of these apply to you?
1. Tired all the time from all the long hours put into running your company.
Many business owners work 12 hour plus days/ 6-7 days a week. There is little time to relax, reboot and take care of themselves. While running a successful business is certainly rewarding (and I speak from experience), it is truly exhausting. Many business owners haven’t taken a vacation in years, even if they really need it. If the above description applies to you, it may be time to think about selling.
2. Health problems or fear that the business will fail if you become seriously ill.
Not surprisingly many long-time business owners are suffering from different illnesses. Lack of sleep due to long hours or worries about the business can take their toll on your emotional and physical health. Maybe your business brings its own set of health hazards with it, such as being constantly hunched over which leads to back problems. Whatever the reason, your business should not be the reason for your poor health. If your business is to blame for health problems or deteriorating sense of well-being, it may be time to move on.
3. Never get to see your family.
Running your business can be a lonely endeavor even if you are with employees and clients all day long. Because of the long hours and intense involvement that owning a business requires, many business owners hardly ever get to see their families. This can be emotionally devastating for both the business owner and their family. Many a divorce is to blame because of the demands a business puts on its owner. The balance between work and personal life can be exceedingly hard to strike if your financial future is at stake and depends on the success of your
4. Ready to retire and enjoy the rest of your life.
Even if a business owner is ready to retire, taking the plunge to sell their business can be a hard decision to make. After all, you have years of your life invested in your business and letting go can be difficult. But if you wait too long, your business may start to decline and you may not have anything left to sell. If the thought of retirement has crept into your mind, this might be the
5. Lack of sufficient capital to expand your business.
If you own a business that is doing well, the logical path to take is expansion. However, some business owners lack the capital to expand their business. That may be a signal it is time to sell your business to someone who has the capital to grow your business to its full potential.
6. Divorce or no longer workable business partnership.
Divorces can cost a lot of money and sometimes that means you have to sell your business to satisfy monetary demands. If your Arizona business is doing well, selling can actually be a good move for you because it will free up your time and afford you the capital for a fresh start.
Additionally, it is possible that your business partnership is not working anymore. Sometimes the only way to resolve the conflict is to split up the partnership and sell the business. But this can also mean a fresh start for you and allow you to start a new endeavor you may have in
Whatever the reason, you should never attempt to sell your business on your own, but enlist the help of an experienced Scottsdale business broker who has earned the Certified Business Intermediary (CBI) designation. This way you can be certain that your business is confidentially marketed and that all potential buyers are screened properly.
Do You Qualify?
If you have a company that has been in business for at least three years, is profitable, and you have the books and records to prove it, then you qualify as a good candidate to sell your business. If you don’t meet the above qualifications, it can be very difficult to sell.
Is the Market Any Good?
Regardless of what you hear on the news about high unemployment and the stock market being unstable, the business sales market is strong and I have plenty of buyers who are looking for good profitable businesses to buy. However, no one can predict how long the business sales market will stay strong so don’t take any chances by waiting. If your business is doing well, now may be the perfect time to cash in.
7077 E. Marilyn Road, Bldg. 4 Suite 130
Scottsdale, AZ 85254