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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   Post ID: 752

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

Rick Carlson, Business Broker - Southern California

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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.

Joanne Weber, Broker - Preschool Specialist - Southern California

The Ryan Craig Company is in its 35th year as the recognized expert in Southern California, dealing exclusively in the sale of preschools, Montessori schools, day care centers, and private schools. Our extensive list of references speaks for itself. Phone Joanne at 818-760-3684 for more info.

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.

George Lanza, Business Broker, At Plethora Business Sales

Plethora Businesses, a division of A Premier In Services, Inc., is a Business Intermediary Consulting Firm headquartered in Orange, California. Plethora specializes in the listing and sale of small and medium sized private businesses.

Joel Miller, Broker Specialist, Elderly Care Services

Joel Miller, a Top Producing Broker here in Southern CA, has been specializing in helping teams and individuals buy, sell and develop care facilities for several years. Elderly Care Homes, Assisted Living Homes, Adult Residential Facilities, Hospice, Congregate Living, Independent Living, Care Svcs.

Mani Singh, Business Broker, Inland Empire Area

I have successfully represented clients sell & acquire multitude of businesses ranging from Gas Stations, Liquor Stores, Markets, Super Markets, Smoke Shops, Postal Stores, Restaurants, General Retail, Auto and Construction related. Phone me for assistance with selling or buying at 951-296-7646 Cell

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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