The best time to sell your business

As with most things in life, the best time to sell your business is when you don’t have to. Being forced to sell at the wrong time means not realizing the best purchase price, while selling on your own timing can set you up for a retirement enjoying the things you love with the people you love.

Considerations for selling

In deciding when to sell, there are two primary things to consider:

• Your business’s performance. Consistent steady growth is what buyers and their lenders are looking for

• If you’re ready personally. Are you ready to let go? If you’re honestly not ready to exit, it’s not the time to sell, but it is the time to prepare for when you are ready.

Consult your advisors

If you’re considering selling, reach out to your advisors – your deal team – to get advice:

• Your financial and tax advisors can help you assess your likely financial picture after a sale transaction

• A broker or M&A advisor can help you value your business and get a sense of the current market