Your top manager plans to retire in a couple of years. It won’t be easy to replace this key leader. In fact, many potential buyers consider the strength and performance of your staff when determining the amount of their offer. It’s far better to sell when your top managers are still in place.
Health issues are cropping up – some may prove to be chronic. Nothing is more important than your health. Ignoring your health puts your life at risk and impacts the lives of your loved ones. It makes sense to sell your business now and take care of yourself.
Disagreements between relatives on staff are causing deep family rifts. Sooner or later, this type of tension will damage profitability. It’s better to sell and keep the peace, than allow family problems to escalate beyond the point of no return.
At the end of the day, understanding the various whys of selling is the first crucial step in determining the best time to sell.
Next Up: The 5 Stages Of The Business Lifecycle.