The Small Business Millionaire

How Do You Know When It's Time to Sell Your Business? 5 Points of Consideration | Ep #4

June 15, 2020 Jeff Wiener Episode 4
The Small Business Millionaire
How Do You Know When It's Time to Sell Your Business? 5 Points of Consideration | Ep #4
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The Small Business Millionaire
How Do You Know When It's Time to Sell Your Business? 5 Points of Consideration | Ep #4
Jun 15, 2020 Episode 4
Jeff Wiener

Why did you start your business?

If you started it because you are passionate about the industry you’re in or that you’re excited by the prospect of running and growing a business, that’s enough of a “why” to keep you going past the early business-year struggles.

If, on the other hand, you decided to start a business because you’re looking to become rich, or for a quick mega million business sale, and that’s your sole motivating factor, then it might be a difficult road ahead.

It is important to remember that before you decide to sell your company, you need to think carefully about “why.” Scooping a few dollars might put a short-term smile on your face, but it doesn’t replace many of the things you’ll invariably miss, such as the energy of running a business and the feeling of significance of being its President.

In this podcast, I review five points of consideration and things you'll want to ask yourself before you commit to selling.

Show Notes

Why did you start your business?

If you started it because you are passionate about the industry you’re in or that you’re excited by the prospect of running and growing a business, that’s enough of a “why” to keep you going past the early business-year struggles.

If, on the other hand, you decided to start a business because you’re looking to become rich, or for a quick mega million business sale, and that’s your sole motivating factor, then it might be a difficult road ahead.

It is important to remember that before you decide to sell your company, you need to think carefully about “why.” Scooping a few dollars might put a short-term smile on your face, but it doesn’t replace many of the things you’ll invariably miss, such as the energy of running a business and the feeling of significance of being its President.

In this podcast, I review five points of consideration and things you'll want to ask yourself before you commit to selling.