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What To Do When Your Business Isn't Fun Anymore

What To Do When Your Business Is Not Fun AnymoreOne day you wake up and think, "That's it. It's time for a change". As a business owner, there comes a time when you must decide if you want to continue coming to work everyday, facing payroll every two weeks, or perhaps, working through another string of Holidays.

Just because its time to sell your business does not mean you're throwing in the towel.  Many times small business owners are ready to move on to other things; retirement, a new job, a new venture, more time with family, a focus on personal health, or any combination of factors.

Remember, one person's headache can be another person's stepping-stone to success. Anyone looking at a business opportunity always thinks they can do a better job. That's just human nature.  And who knows, sometimes it takes a fresh point of view, along with the inevitable fresh influx of capital and elbow grease, to cause a change in direction that will place the business on the fast-charging path to success.

As a business owner, you might find yourself running out of steam, or perhaps the business has taken a down turn, but don't despair. You are what you think about. Sing a song, get out in front of that crowd and, by George, lead the parade to sell your business.

Selling your business is an important decision, second only to having taken the original step of buying or starting up in the first place. You would never embark on a new business venture without extreme optimism and enthusiasm, the same energy should exist when it comes time to sell your dream - don't sell without giving it 110% effort.

Here are the recommended steps to realize your dream of moving on;

1. Decide to decide.

2. Be sure your books are in good order so as to be easily understood by someone who is not familiar with your operation.

3. Clean up the property, after all we're not considering a Going Out of Business SaleŁ; we're proposing a Going Into Business SaleŁ.

4. Decide on a marketing plan and establish a budget to accomplish it.

Some directions to consider;

(a) classified advertising
(b) a direct mail program
(c) postings on Internet sights that promote the greater area
(d) advertise outside the immediate area
(e) post on web pages that sell business opportunities like BizBen.com

5. Or avoid the above steps and retain the full marketing services and expertise of a commercial real estate or business brokerage firm. Let them do all the time and money-consuming promotions, advertising, pre-qualifying appointments, and detail management that go into locating quality prospective buyers.

There will always be someone out there willing to trade places with you. Just think positive. It's been said that you achieve a powerful peace of mind once you decide to sell; you're just taking your hopes and dreams and moving on to a new level.

Happy selling!

Bob HughesAbout The Author:  Bob Hughes is a business broker in the Palm Springs/Coachella Valley (Riverside County) & San Diego areas assisting business buyers and owner/sellers with buying and selling businesses. You can reach Bob Hughes by phone at 760-323-8311.


Categories: BizBen Blog Contributor, How To Sell A Business, Selling A Business


Comments Regarding This Blog Post

Contributor: Business Appraisals, Valuations Advisor

It is wise for the seller to determine the market value of the business before it is listed. Without the benefit of knowing the 'value of the business the seller may have an asking price that is under or over the Fair Market Value. With an appraisal in hand the seller can use it to confirm his pricing to the buyer.


  Helpful Resources To Assist In Selling And Buying California Businesses

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

Ryan Clark, Business Broker, Southern California

The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups. Phone Ryan at 310-652-8353.

Mike Brewer: Liquor License Brokers, ABC Consulting Services

Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.

Ron Hottes, Broker - Serving LA, Orange, Inland Empire Area

LINK Business is a business brokerage team of 28 highly skilled and seasoned professionals. Our business brokers have over 100 years of cumulative experience & the expertise to help you buy or sell a business in the LA County, Orange, Inland Empire areas. Call Ron for a consultation at 310-539-8300.

Chris Seaman, Business Broker - San Diego County Area

Founded in 1994, First Choice Business Brokers has accelerated to become one of the most successful Business Sales Organizations in the world. Our team of agents have gone through extensive training to become experts in the field of business brokerage. Call Chris at 858-578-4111 for more info.

Jack Oh, Business Broker - LA, Orange Counties

Business broker and real estate services in the Los Angeles and Orange County areas. 10 years experience with great negotiating skills. To sell a business or buy a business in the LA or Orange County Areas phone Jack and his team at 562-787-4989.

William Park, Business Broker - Southern California

Highest Volume Broker in California, Simply Check our HUNDREDS of Listings! Over 25 Associates, Speaking Dozen Languages, Helping Buyers and Sellers of Small Business since 1982, Centrally Located between Los Angeles and Orange Counties, while Riverside & San Bernardino Counties are Very Accessible.

Lee Petsas, Business Broker - Orange, San Diego Counties, Inland Empire

UBI Business Brokers has been successfully selling businesses in Southern California since 1965. Our Agents have over 100 years of experience in selling small to medium size businesses throughout Southern California. We service Orange County, Inland Empire, San Diego. Phone Lee at 714-363-0440.


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