How do you know when you can afford to sell your business?
In their latest blog Alex and Paul Dodgshon look at when is the best time to sell you business.
Think back to your aspirations when you started your business.
- Was your motivation to escape the stresses of the corporate world?
- Did you have a burning idea to innovate and make your mark?
- Or was your ambition to build a successful business that would fund your retirement?
Whatever your reason for building a business, there comes a point when you must consider what happens next. That last goal in the above list is more common than you might think. Business owners often set up their business to provide for their family and build a legacy. As time moves on, you might start to consider how that business could be used to fund your plans for retirement and later life.