Just like investing in the stock market, timing the sale of your company can be difficult. In addition, it is important to keep in mind that when you decide to shop for buyers, it takes an average of a year from start to close. The right time for you to sell should depend on the market and your own personal needs and other factors that might make it the right time.
Is now the right time for you? Well, it is true that valuations are down slightly and you will probably get more if you take the proper actions to increase your value and wait for valuations to increase. However, if any of the following apply to you, you should contact us to see if selling or recapitalizing right now might be a good idea:
- You need to retire soon
- You are burned out of your business
- Your technology may become obsolete if you wait
- Your competition will push you out of the market if you wait
- You don't have the capital to accomplish your goals
- You don't have the management to grow
- You need to increase liquidity or reduce risk