How I Became An Expert on Resources

Posted on Posted in Business Products & Services

The Right Time to Sell Your Business When speaking of the value of a business, we don’t only view it from an economic viewpoint or the monetary value of it, but of its internal health and well-being. When you have a business, you have a common goal which everyone involved does their best to achieve and this determines the health and well being of the company that you cannot measure in monetary terms. This value includes the value of its employees, customers, suppliers, alliances, partners, pipeline partners, managerial value, and its societal value. What this means is that when we speak of business value, it does not only mean money, but it includes the intangible things like the intellectual capital and the blueprint of its business model. If a business is healthy, then it will have a big score. However, despite the numbers, foretelling its future always involves risk because the longer you hold on the that business and especially the bigger it gets, the more delicate it becomes and the more susceptible to failure. Logic tells that anytime you have an opportunity to encash or get liquidity from your company, you can sell either a piece or all of your company to a potential buyer. Small businesses have small economic and intellectual capital. At this stage, it is not so dangerous to take risks. And if the small business owner wants to grow his business, it is rather essential to take risks or chances. Hard work and hurdling risks are essential to business growth which increases the value of the business. However, it is only natural that the owner of the business starts to become more and more conservative concurrent to the growth of the business value. When you no longer want to use your time doing damage control or fixing bad strategies, it is about time to sell that valuable business. Not because the company that they own is in a bad shape but because this is a smart decision.
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If you are one who are good at taking risky challenges, then you don’t have to do this on big stakes when you business lifecycle is on the latter stages, but on the first few stages of the business lifecycle. This may be a great time to liquidate an existing company and have enough capital to start a new venture, a more interesting venture, or a venture with higher potential.
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Marketing your business will necessarily require a broker to do it for you. But a word of caution: You need to stay involved, you need to view them as member of your team along with your attorney, accountant, mentor and financial advisor.