Preparing to sell your business?
Here's what you need to know
There’s a huge emotional quotient to selling your business. If you have started the business and you’ve grown the business, it can feel almost like giving a child up for adoption. Recognize you’re going to need to wade through that.
Reach out to an M&A group, like us, because they can help coach and counsel you through both the tactical and the emotional side of selling. Talk to peers who have gone through the process and use them as a sounding board as well.
This is a huge decision for most individuals. Take the time to understand what you want out of a sale and what you plan to do with the next stage of your life.
"Oftentimes, the most successful exits are ones that have what we call "Pull factors," which are in other words, things that you want to go do. A book you want to write, a business you want to start, a charity you want to donate to or whatever it is that is sort of getting your juices flowing." ~~ John Warrillow