Top Reasons To Sell Your Small Business. #1: Business Owner Burnout

The thrill is gone. You feel a sense of dread on your way to your office. You’ve grown tired of managing your people, dealing with your customers, and handling the curve balls that come up when running a business.

You’ve got a bad case of B.O.B. – Business Owner Burnout. B.O.B. is one of the top reasons  businesses begin to falter and eventually fail:

  • Exhausted and overwhelmed, you’re less likely to make solid business decisions or take advantage of market opportunities.
  • Burnout damages your relationships with staff, customers and vendors – good people and profits start walking out the door.
  • As each burnout year clicks by, the negative effects continually erode everything you’ve built and you may discover there’s little value left in your business to sell.

When you admit to yourself B.O.B. is the reason you’re ready to sell, you feel a new sense of purpose. You see your business as an asset not just a job. And you’re motivated to make the changes required to get the highest sale price possible.

Stay tuned for Reason #2

Topics: Insider, Uncategorized, value

Gokul Padmanabhan

Written by Gokul Padmanabhan

Gokul Padmanabhan has devoted the past 15 years to buying and selling businesses, much of that in the restoration industry. His partnership with RESCON Business Brokers strengthens his hands-on expertise with a national presence and infrastructure that is second to none.