There is an entire industry and philosophy surrounding why you should sell your business, but it doesn’t need to be that way.
There are many reasons why people choose to sell their businesses and really the reasons can be broken down into two different things.
1. Long Term Goal To Exit: A strategic decision because their plan all along was to sell their business and they have something else more desirable to do with their time (besides golf).
2. Looking for an Exit strategy after losing faith. They hit a point of frustration or desperation and are no longer either enjoying the business or don’t believe they can get it to the next level.
The first point is a goal to exit, the second allows you to think it isn’t going to get any easier, it might be better to sell. And there are a lot of people who will want you to sell. This means you can feel forced to exit.
In this episode, we discuss the top 5 reasons people regret selling, and how you can consider different perspectives and opportunities.
Episode 165 – The Growth Whisperers
The Growth Whisperers is a weekly podcast hosted by Brad Giles and Kevin Lawrence two advisors to mid-market businesses, one Australian, one Canadian, who each work with CEOs and Leadership Teams across the world with a mission to build enduring, great companies. Each weekly episode covers interesting situations and questions from the world of strategic planning, leadership development, talent and hiring in high growth entrepreneurial companies where real results matter.
165 The top 5 reasons people regret selling their business