By Contributing Author Mark Blackton, Molliter Advisory
As you think about your business, consider that it is more than just your treasure. It also comprises much of your life, your time and talent. Now that you have built your business, it may be time to seek a better use of these resources.
Consider the following questions:
- Have you achieved your financial goals? Can you change direction without harming your lifestyle?
- Are you ready for a change? Do you need to renew or redirect your passion?
- Is it time to travel and see the world?
- Are you needed at home?
If the answers to these questions are predominantly “Yes”, perhaps it is time to transition or sell. It is also important to move before you lose enthusiasm for your business. A decline in value due to a loss of owner enthusiasm can often occur in these instances.
We often see business owners put off the all-important decision to sell their businesses. Don’t fall into that trap. Sell or transition your business if continuing to own it is not the best use of your time, talent and treasure.
Mark Blackton is a finance expert with significant business start-up, financing and project management expertise. His experience includes developing strategic plans and financial models to support the acquisition, financing, operation and disposition of tangible and intangible assets. Molliter Advisory, LLC, is a boutique mergers and acquisitions firm that works with small-to-medium sized companies to value, market, negotiate and bring to close the transactions of their clients. Their deal sizes range from $500K to $20 million. Check out our website at http://molliteradvisory.com/.