Know What You Need
By Jeff Kelling – M&A Advisor
Get an estimate of value on your business. Then sit down with a tax accountant and figure out what you’ll net after taxes and fees. Next, meet with a financial advisor and talk about your ideal lifestyle and all the things you want to do for your family and community. If the numbers match up, or you exceed them, seriously consider selling your business.
At the end of the day, wasn’t the whole purpose you started or purchased the business was to give you and your family the life you always dreamed about and to give back to causes you are passionate about of the community you live in?
Don’t wait for some kind of trigger. Plan ahead and work toward an identified goal. Do that and you’ll be able to make an objective decision and sprint across that finish line.