Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Sell out before You Burn Out?

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Sell out before You Burn Out?

Article excerpt

Byline: Michael Yared Savvy Business Sales

WHEN is the right time to sell your business? People choose to sell their business for all types of reasons- Retirement, relocation, health reasons etc. Another good reason for selling is to avoid burn out. With the rapid pace of change, competitive pressures, increasing technology, and the challenges of today's market, more and more business owners are showing symptoms of "burn out".

As a business owner, you have a lot of responsibility on your shoulders to drive the business further. If your energy for the job is fading- this will often become evident in the businesses operations and presentation. Owning a business is hard work, but there should also include an element of enjoyment. An owner who drags himself or herself through every day, with a sense of dread - or boredom - should consider moving on, taking a break, and moving onto a fresh challenge elsewhere.

One of the surest ways to maximise the value of a business is not waiting too long to sell. …

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