{"id":1687,"date":"2020-05-19T08:58:20","date_gmt":"2020-05-19T14:58:20","guid":{"rendered":"https:\/\/www.sunbeltnetwork.com\/beaumont-tx\/?p=1687"},"modified":"2025-02-20T16:26:16","modified_gmt":"2025-02-20T16:26:16","slug":"dont-ignore-these-signs-that-you-should-sell-your-business","status":"publish","type":"post","link":"https:\/\/www.sunbeltnetwork.com\/beaumont-tx\/dont-ignore-these-signs-that-you-should-sell-your-business\/","title":{"rendered":"Don’t Ignore These Signs That You Should Sell Your Business"},"content":{"rendered":"

Are you ignoring the signs? Brian Knoderer, President of Sunbelt Business Brokers talks about these important signs that it is time to sell.<\/p>\n

As we age and develop, it\u2019s only natural for our interests to change personally and professionally. Business owners, especially serial entrepreneurs, undergo a similar process to employees who seek a job or career change. But, rather than updating resumes and preparing for interviews, their growth manifests through new entrepreneurial endeavors \u2013 and often, that means letting go of ones that no longer serve their interests. If you feel you\u2019ve hit a plateau within your current operations, it could be time to move on. Be wary of any of the following six telltale signs you should sell your business.<\/p>\n

6 Signs You Should Sell Your Business
\n<\/b>Most long-term entrepreneurs don\u2019t solely operate in a unilateral space. There are plenty of reasons one may opt to exit their small business and pursue new opportunities.<\/p>\n

Shifting Market Trends
\n<\/b>Not every successful business endeavor is ever-green. If you feel your company is beginning to outgrow demand from its customer base due to changing market trends, it could be time to move onward. The trick is to sell while you\u2019re still near the peak of your game, increasing value to a potential buyer. Higher valuations<\/a> translate to higher earnings for a seller. If you play your cards right, you can make enough to live comfortably or invest in a new business altogether.<\/p>\n

You\u2019ve Met the Right Offer
\n<\/b>Market demand could be on your side, and you may still wish to cash in on your hard work \u2013 and that\u2019s okay! If you\u2019re presented with the right offer, you\u2019ll have to decide whether or not you\u2019re comfortable leaving your brand in someone else\u2019s hands. But, this kind of monetary value and newfound freedom can allow you to retire or pursue other endeavors.<\/p>\n

Personal Conflict or Burnout
\n<\/b>Let\u2019s face it \u2013 entrepreneurship isn\u2019t a walk in the park. Even the most resilient can feel overwhelmed by the day-to-day challenges of owning a business. While stress is normal and to be expected, it can quickly overrule the joy of running a small business. If your business is taking a significant toll on your mental or physical health, it could be a sign that it\u2019s time to move on.<\/p>\n

Creativity Stops Flowing<\/b><\/p>\n

As your interests and perspectives change, your skillset should also evolve. It\u2019s common for entrepreneurs to feel they\u2019ve hit their stride while facing the inevitable plateau in their business. If reinvigorating or reinvesting your current model doesn\u2019t sound appealing, you may have expended all the energy you have left for this particular endeavor. Now could be the time to walk away and refocus your skills on other goals you\u2019re more prepared to achieve.<\/p>\n

Accumulated Debt
\n<\/b>Businesses are an ongoing investment, and to an extent, feeding in can be reasonable. In the early years, debts are expected. But, you have to be able to recognize a business that is at the brink of success and one that isn\u2019t worth dumping more change into. Tapping into your retirement accounts and savings isn\u2019t a good sign if you\u2019re second-guessing yourself already. Your small business should evolve financially, or you could be falling into a money pit.<\/p>\n

Retirement is on the Horizon
\n<\/b>Are you daydreaming of blue skies and sandy beaches? If retirement is nearing your future, you should start making arrangements to exit your business. Recent reports suggest 78% of business owners have no formal transition plan. Without a clear business sales plan, you\u2019re leaving money on the table and probably aren\u2019t receiving as high of earnings as you could<\/p>\n

Entrepreneurship is an ever-changing journey, and it often doesn\u2019t make sense to stay in one space indefinitely. If you\u2019re wondering whether it\u2019s time to step back and refocus your energy elsewhere, our team can help. Locate your nearest Sunbelt Business Brokers office and schedule a consultation to discuss the best interest of your operations.<\/p>\n

__________________________________________<\/p>\n

Brian Knoderer is the President of Sunbelt Business Brokers. He has over 20 years of experience as a business owner and managing business transactions. As a seasoned intermediary, Brian has successfully represented companies in a broad range of industries helping business owners achieve their desired exit strategy or growth initiative.<\/p>\n

Brian is also co-owner of Sunbelt Indiana and Managing Director of MMI Capital Partners, a franchisor focused investment banking firm.<\/p>\n

Previously Brian was involved in several entrepreneurial ventures as well as having held corporate roles in Franchise Development for Prime Hospitality and Choice Hotels.<\/p>\n

Brian is a graduate of Ball State University with a degree in Management Information Systems and earned his MBA from Butler University. He has received the Certified Merger & Acquisition Advisor (CM&AA) designation, holds both the Series 7 \u2013 General Security License and the Series 63 \u2013 Uniform Securities Licenses, and is a licensed Real Estate Broker. He has been affiliated with several organizations including the Entrepreneur Organization, a Member of the International Business Brokers Association, Venture Club, and a Board Member of The Entrepreneur Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"

Are you ignoring the signs? Brian Knoderer, President of Sunbelt Business Brokers talks about these important signs that it is time to sell. As we age and develop, it\u2019s only natural for our interests to change personally and professionally. 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