Why Should you sell your Website?

Timing

The 1960’s baby boomers are reaching retirement age, so it has been forecast by the International Business Brokers Association that a lot of businesses will be up for sale over the next few years, as many business owners move onto their next stage in life.

However, it isn’t easy selling a business you have spent most of your career building up and seeing grow and flourish. It isn’t easy for a business owner to admit that they are getting too old to run their business.  Selling a business is often a very emotional decision as the owner has to let go of much that has shaped their life and into which they have put a lot of work over many years, so it really has to be sold at the time that is ‘right’ for each individual.

Other Reasons for Selling

There are of course reasons for selling a business other than retirement. Sometimes it is health issues, some related to work with too much stress or burnout.  There may be legal issues that mean a sale is inevitable or there could be a lack of cooperation between those in ownership of the business.  A business may also be sold as it is thought that it is at the height of its potential and therefore the best time for sale or on the other hand others will want to sell when their business is declining and possibly also in need of more capital to grow or the prevention of the loss of key employees.