3 Questions to Answer TO MAKE THE SALE OF YOUR BUSINESS EMOTIONALLY FULFILLING
CONVENIENCE STORE OWNERS
If you own five or more stores and are interested in exiting the business before the upcoming tax increase on Jan. 1, 2022, I have qualified CASH buyers for you. Contact me for confidential details. Terry@TerryMonroe.com
Selling your business can be a rewarding experience when done correctly (meaning you consulted an expert and ensured you didn’t leave any money on the table). However, besides ensuring that you’re getting what the market demands for your business, you can take other steps to ensure the sale of your business not only leaves you financially successful but also emotionally fulfilled. In order to achieve emotional fulfillment, along with your financial success, make sure you know the answers to these three questions: Even if you don’t want to sell your business, could you? You should have a plan to sell your business, even if you want to hang on to it for a long time. You never know what’s going to happen down the road, and knowing what to do should the market favor selling your business can save you a lot of emotional stress if you do decide to sell after all. Can your business run without you at the helm? As the founder and leader of your business, you should make it your goal to work more on your business than in your business as time goes on. That way, when you’re looking to sell, you won’t get stressed out by the day-to-day operations of your business. You’ll give yourself a good, clean emotional break before moving on to the next stage of your life. What is your purpose in life? I know, I know, that’s a doozy of a question. However, you can get closer to the answer to this question by asking yourself some more pointed questions. What excites you about each day? What would you do with your time if you had no obligations or constraints? What is your goal for selling your business? Whether you intended it or not, your business becomes a significant part of your identity when it’s yours. When you sell it, you have to make sure you have an identity — a purpose — outside of your business you can build on.
FUEL WHOLESALERS The marketplace is paying the highest valuations in this century for jobberships and fuel wholesalers. I have qualified CASH buyers for you. Contact me for confidential details. Terry@TerryMonroe.com
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