7 REASONS TO SELL YOUR BUSINESS

The decision to sell a business can be quite a daunting one for any business owner who has worked hard to create and build their firm.

There are a multitude of reasons to sell a company and we have highlighted the top seven incentives below:

  1. Retirement

This is the most common reason to sell a business. We have noticed a new breed of seller in the market over the years; one looking to step-back, slow down, but still remain active in the business.

  1. Ill health

Unfortunately, none of us have infallible health. We all will face this challenge at some point in our careers.

As soon as this predicament occurs it becomes crucial to act fast and, when required, bring the business to the market for sale, however, it’s important to consider if and how you would like to see the business to continue to grow.

  1. New opportunities

You may have identified an opportunity in a different industry or sector of the market which, as an entrepreneur, you believe has great potential. This is brilliant, however, to unleash that potential, you may need to release one of your assets to raise the capital required to fund the new venture. 

  1. Poor performance

Sometimes you just need to move on to pastures new and if a business isn’t performing as well as expected, there’s nothing wrong with selling up and moving on.

  1. Capitalisation

​​Do you want to experience life beyond work? If you do, don’t worry you’re not alone.

It’s not a crime to want to take a step back from your firm and experience the wonders of the world.

  1. Relocation

​​Is the grass greener on the other side? It might be!

Businessmen and women move their companies for a number of reasons, including:

  • Labour and work force issues
  • Desire to reach new markets
  • Need to upgrade facilities or equipment
  • Desire to lower costs or increase cash flow
  • Considerations about quality of life

This can be an intimidating exercise but many SME owners may feel the best option is to buy a business in a sector they have more experience in.

  1. High demand

Sometimes an offer might just be too good to turn down.

If demand for the product / service is high and growth in the industry sector is set to increase you may find that you receive a number of attractive offers for your firm. 

Here at TGM, we pride ourselves on having the right team to acquire businesses and grow them while maintaining the assets of the firms in a safe pair of hands.

Our team of experts are happy to hold confidential discussions with clients, allowing them to explore the best opportunities to meet their wishes and requirements.

If you are considering selling your business and need some guidance regarding the options and how to safeguard the firm’s future, call 03332 470 270 or email me, ataylor@towergm.co.uk

Alfie