Q: Are you ready to sell?
A: Let’s find out.
The easiest way to think about being ready to sell is to consider 3 factors:
- If you’re ready to sell
- How your business has been performing and
- If the market is ready to buy and you know what a fair market value is.
Slide (or click on the hash marks of the guages) each of the gauges back and forth depending on how you feel about each category.
This is a subjective measure but be honest. Consider selling only when all three gauges are near the top of the scale. The only exception is market performance – you can’t control that, so if the other 2 gauges show ready, you may want to go for it.
To rate a category high, consider actual performance of your business and the market your in. Is your revenue growing? Is revenue growth resulting in increased bottom-line earnings? Are your margins increasing or at least holding steady? Is your market growth oriented or lagging? Are there other deals happening in your market space? You probably hear about them from your customers or even from your competitors.
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More Assessments!
” icon=”aaa-pie_chart-blue.png”]OwnerFAQ assessments are useful tools to gauge your readiness to sell your business. This free assessment is a simple example of their usefulness and power. Basic Members have access to our more sophisticated “Basic Assessment” and Full Members can access our patented “QuadAssess” technology.
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