This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
When are you going to retire? Do you have enough money to retire? How much money do you need to get for your business? Who will run the company when you are gone? Let me list some ideas and share some thoughts with you regarding some ideas you might want to consider.
Everyone is going to retire from their business, the only question is when. Based on what I’ve seen some of my clients do, it appears that the best time to sell your business is when you had a great year and made at least a 10 percent net profit on your gross sales before taxes. When a company does that, a lot of owners change their mind regarding selling it. Their logic being, “why would I want to sell when the business is doing well!” So, by that same logic, do they sell when the company is doing less than well? If that is so, why would a buyer want to buy a less than good company?