March 25, 2019
Selling a business or franchise can be extremely scary and intimidating. For most, the ownership of a business or franchise can be their first or second biggest asset, so selling that asset shouldn’t be taken lightly. As we focus on developing a safe, positive, captive environment where business and franchise sellers in the micro market (selling prices from $1k-$5m) can thrive, we implore them to start thinking, preparing and planning in advance since many opportunities will be flooding the market, therefore, putting downward pressure on valuations. Valuations are super important as most business owners use the proceeds to fund their retirement.
With that said, how do you know it’s time to sell your business or franchise? I think it’s a deep and emotional question, but there are definitely signs. With that said, I decided to reach out to my personal network of partners, mentors and BizON power users in order to curate a list of 10 signs that scream, “IT’S TIME TO SELL!” Here they are (I added a few too):
Do any of these relate to you? Share, like, comment and let us know. Also, if you are ready to promote the sale of your business or franchise right now…BizON has a great March Promo: “Sell it or Money Back”. It ends in 6 days, learn more here: http://info.mybizon.com/sell-on-bizon
Nunzio Presta, Founder & CEO, BizON
From The Desk of BizON
Health. Happiness. Family. Success.
Remember, if you are interested in receiving the latest business news, insights and opportunities from BizON, you can subscribe to our newsletter here or join our text messaging list here. Also, if you are not a BizON user yet, what are you waiting for? Click here!
Opinions expressed here by Contributors are their own.