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Kosi Stobbs on 5 Things To Consider When Selling Your Business "Selling your business can be the result of a myriad of reasons," Stobbs says. When should you sell your business? "The timing of when to sell your business is crucial." Kosi Stobbs adds, "And that encompasses a lot of things." He explains that the timing of selling doesn't just relate to the market - it relates to what period of life you're in, what stage your business is in, So the answer of when to sell your business isn't going to be a linear process, and it isn't going to be the same for everyone. Why are you selling your business? In a world so obsessed with the validation from others, it's important to really understand why you're selling your business. "You want to ask yourself if you're selling the business for yourself or for someone else," Stobbs explains. "Because if it's for someone else, you should consider why exactly you're selling." In a few years after selling, are you going to look back and regret the decision you've made, and are you going to hold someone else accountable for it? What is the value of your business when you decide to sell it? Who are you selling your business to and what are their plans for it? The most imperative question to ask yourself is who you're selling your business to, and furthermore, what are their plans for it. "If the mission of your business is something you don't hold lightly, you'll want a buyer with a similar mindset." Keep in mind that this isn't just for your business. Selling a business isn't an easy decision, but with the right buyer, it can be a rewarding experience. "Selling your business is a long and time-consuming process," Kosi Stobbs concludes. Contact Us At: https://kosistobbs.co m/
