Helping Families Preserve and Protect Assets and Values
Should I Sell My Business Now? Examine Your Personal Motives First to Determine Your Readiness: Part One
Sat, 12/27/2008 - 23:56 — dougvann
The personal decision to sell your business is usually based upon some
combination of the following:
- A desire to “take the chips off the table.” Your tolerance for risk just isn’t what it used to be.
- The joy of going to work each day is fading. Not only has the fire in your belly gone out, but it’s been replaced by the desire to do “something else,” known or unknown.
- The “Successor Designate” can’t or won’t succeed. Neither child nor employee is able or willing to fill your shoes.
- You realize that now is the time to sell because you can attain financial security.
- There are a lot of activities other than running a company that you still want to experience.
| Attachment | Size |
|---|---|
| bei issue 140.pdf | 62.57 KB |
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Henry C Weatherby and Jeffrey S. Rivard are members of NAELA, the National Association of Elder Law Attorneys