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Why Sell My Business?
Most business owners have spent many important years of their lives building their businesses into successful enterprises. Additionally, most are emotional about their businesses given that their businesses are usually an extension of their identity. As a result, many business owners have never even thought of selling their business. However, there are good reasons for many business owners to sell their business at some point. If you have never considered selling your business, ask yourself the following questions:
- If you were offered an opportunity to get paid for the company’s next five to seven years of income without actually running the company, would you do it?
- Is your business growing less than an average of 25% annually?
- Is at least 30% of your personal wealth in your business?
- Are you a serial entrepreneur who wants to start a new business?
- Are you going to retire soon and don’t have business-minded successors?
- Does your company have the potential to grow but you don’t have the managerial or financial resources to achieve such growth?
If you answered yes to any of the above, Orion Capital Group may be able to help you.
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