180 – When to sell your business

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Show Notes

The end of the business lifecycle can be an exciting time.  That’s especially true if you are trying to sell the business.  It’s really the culmination of all the work you’ve put into the business after all these years.  Here are the three ways you will know it’s time to sell your business.

Life changes

It’s really difficult to operate a successful business if you’re dealing with the added stress of unforeseen circumstances.  Divorce, death and illness are just some of the things that can take your focus away from your business.

Thinking more about retirement

It happens to everyone.  After years of slaving away at running your business the fires can start to diminish.  If you’re thinking more about that beach house and less about the future of the company it’s time to sell!

Run out of ideas

When you first started you probably had so many ideas you could barely contain them all.  Now after years in operation your inspiration may be failing you. Fresh thinking is critical to continuing success so if you’re out of ideas, it’s time to sell!

More about this Show

We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms.  Most importantly we want to help you to develop a plan to take your business successfully into the future.  There’s a startling statistic the underscores the importance of developing a solid plan.  The majority of business owners are just seven months away from losing everything.  A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly.   Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients.  We want to close that gap once and for all.  We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.

Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV.  We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with.  Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.

Start here to discover your legal risks
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