Will 2024 be the year you exit? Selling your business is a big decision, and timing matters. So, if you’re on the fence, pondering when to hit that eject button, check out these six compelling reasons why now might just be the right time:
Less Fight, More Flight: We all know the curveballs COVID and the economy brought our way these past several years. If the thought of navigating more uncertainty leaves you uneasy, it could be time to exit stage left.
Clear Skies Ahead: Maybe you were thinking about selling a few years back, and then 2020 happened. If your business is now showing signs of recovery and growth in 2023, seize the moment!
Tax-Time Tensions: The taxman is always lurking. As governments expand services, expect higher taxes down the road. Sell now to avoid the pinch. In fact, there are specific strategies we can explore to lessen the blow when you do sell.
Business Cycles Turn: If your business thrived during tough times, congrats! But remember, no cycle lasts forever. Consider cashing in while the chips are hot and your business is doing well.
Demographic Shifts: The future’s changing, my friends. Right now, younger buyers are hunting for businesses and the competition for good cash-flowing businesses is high. Take advantage of those dynamics now and leverage it for the highest exit value.
Prepare for Liftoff: Don’t wait for the unexpected. Many owners neglect their business’s value due to daily grind. Start by getting a business analysis and valuation, then craft your exit strategy — I can quickly help you find out how your company measures up against others in your industry and how much it will bring.
Remember, making the right move at the right time can be a game-changer. If you’re ready to explore your options, give me a shout. I’ve got the expertise to guide you through the process and help you maximize your exit strategy. #BusinessSelling #MaximizeValue #TimingIsKey
I specialize in helping entrepreneurs buy and sell exceptional businesses. I also provide guidance for planning when you’re ready to leave your business. If you want to know how much your company is worth or how to get the most money when you sell it, you can schedule a call with me by clicking this link or sending me an email at dave.godwin@cbiteam.com. I’ll assist you in figuring out if it’s the right time to sell and help you get a better price for your business. Rest assured, all your information is kept private.
