If your business is successful, then chances are you have poured most of your time, energy and spare money into it - for what may have seemed like forever. Your company may have become your life . . . an extension of yourself. Can you really imagine life without it?
Is your family dependent on your business? Do you discuss it around
dinner table? Is your business an education and training ground for your children... a way for them to gain some working experience and earn some pocket money? Could it be that your business is like a member of your family?
On other hand, is your business a ball and chain around your neck which you can’t wait to get rid of? Or, when you first started, did you only intend to stay a short time and things sort of never turned out that way?
Whatever your situation, selling your business will be one of most important things you’ll ever do. It’s very important that both you (and your family), and your company are ready to make change. And it could be a big one!
For starters, you must be prepared to hand over reins of ownership and management to someone else. You must accept that they might do things to your business that you would never have dreamt of doing. They may replace all your staff, they may change marketing focus. They may even grow your business to great heights you always hoped for but never quite achieved. On other hand, they may destroy everything you’ve built up.
