Why Business Owners Sell
In the shoes of a business owner, selling a business can be a very emotional and
physically demanding experience. Let’s face it, as humans, we put our families,
finances, and ‘blood-sweat-&-tears’ into our most valuable assets……for the
entrepreneur it is most often their business. When it is time to part ways, it can be a
Business owners sell their companies
for an array of reasons. Regardless of
the reason to sell, it is critical that a
business be professionally appraised by
an independent valuation firm so that
the business is sold at a fair price, under
fair terms, and in the owner’s best
interests. The following are some of the
most common reasons businesses are
sold in today’s marketplace:
The Owner is Drained
The most common reason a business is sold is due to fatigue, boredom, and burnout.
The ongoing, daily grind of managing small business stressors can be very tiresome.
Beyond the actual stress, many owners simply sell because they are no longer
challenged or interested in the business’ operations. Certain industries call for ongoing
redundancy, such as retail operations like sandwich and pizza shops, leading to
boredom and dissatisfaction with one’s work life.
Due to significant investments made by business owners, running a business has
become one of life’s routines and habits that can be very hard to break. Business
owners are passionate, driven individuals who typically love what they do. When an
entrepreneur has a sincere love for their business and ‘job’, they will stick with it until
they can no longer physically keep up. As a result, many owners keep a business until it
has finally come time for them to retire, lace up the golf spikes and hit the tee box.
Unfortunately, many small business owners do not properly plan for the future by training
or empowering an existing employee to take over the business. As a result, they are
forced to sell the business due to inadequate success