When is it time to sell?

When is it time to sell your business? Only you can make that final decision, but the following points are worth considering:

  • Do you still have the desire and the excitement? Are you ready for a lifestyle change? Businesses rarely stay level — they either grow and succeed — or become stagnant and die. It is dependent on the desire of the owner.
  • Are you willing to invest the resources and time to keep up with new technology? If not, growth will be hard to achieve as you will likely fall behind your competitors.
  • Most industries go through a metamorphosis every five years. Are you excited about the changes in your field or do they make you tired just thinking about them? Can you afford the changes financially?