As you’re thinking about selling your business, it’s time to plan your future. Because if you don’t spend time looking ahead, you’ll let fear of the unknown get in the way of actually moving into that future.
We’ve seen it happen. After 20 or 30 years of running a business, some owners just can’t let go. Their identity is tied too closely to the company. Ultimately, they stay too long and it negatively affects the organization.
Owning a business comes with significant emotional attachment, especially if you’ve grown it from the ground up! Make solid plans to transfer those emotions. Decide what you want your legacy to be. If you can invest yourself in new goals, you’ll have a better chance of being ready to sell at the right time for the right amount.