Top Seven Reasons Why Business Owners Sell Their Businesses ?
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Reason number one for selling a Business.
Retirement: The number one reason for
selling a business is that the business owner is looking to retire. Having
spent years of their life creating, growing, and profiting from the Business,
they want and deserve their final reward following the successful sale.
Reason number two for selling a Business.
Health reasons: Ill health of the business owner
or the family can be the unplanned reason for deciding to sell the Business.
The business owner's health is an essential factor in selling a business.
Reason number three for selling a Business.
Exhaustion or burnout of owner:The number three reason for
selling a business is that the business owner suffers from tired eyes, also
known as exhaustion or burnout.
Having spent years of their life running the Business,
dealing with the taxman, dealing with personnel, never-ending paperwork and
administration, late payers and cashflow problems, they just want out and to be
free of the Business.
Reason number four for selling a Business.
Boredom: Many a business owner gets bored with
doing the same things every day. They daydream about doing something new. Then
there are business owners who don't enjoy what the Business has become.
Reason number five for selling a Business.
Relocation: A business owner may wish to sell the
Business because they want to relocate to another country, where the cost of
living is lower and where there is a better quality of life. We have one
business owner who sold and has emigrated to Thailand, where he has had a
fishing boat built, and he spends his days out in the ocean fishing!
Reason number six for selling a Business.
Business becomes unprofitable: Once a business
becomes loss-making, it is a sign that it is time for the owner to sell the
Business. The business owner may not have the will or the money to make the
Business profitable again. This can be an opportunity for a new owner to
introduce of new ideas or new strategies.
Reason number seven for selling a business.
Built to sell: Entrepreneurs build businesses to
sell for a profit. Business owners with the skill set to build a great
business, will create businesses systems that are scalable, management teams in
place, and customers in place.
Thinking of selling your Business?
We are committed to selling your business for the highest
price, in the shortest time, confidentially with No Upfront Fee
Guaranteed. If you would like a cost-free, confidential, no-obligation
discussion please call Abercorn Business Sales on 0800 246 13 13, we look
forward to speaking with you.
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