One Way To Decide When To Sell
How do you know the right time to sell your company? One answer to this age-old question is that the time to sell is when someone else is willing to invest more in your business than you are.
The Danger of Market Timing the Sale of Your Business
The other day I was reading about a successful CEO in his fifties who runs a heating and air conditioning company generating eight million dollars in revenue and over one million dollars in profit before tax.
Even though he was tired and nearing burnout, he was planning to wait for another five to seven years before selling his business because he “wanted to sell at the peak of the next economic cycle.”