Tip #189: What Will I Do If I Sell?

tip 189Many business owners don’t want to sell their companies only because they don’t know what they’ll do if they retire. However, running the business when an owner is getting older, not full of energy, and not growing the business can decrease its value. Moving into the next chapter of their lives does take some planning, such as travelling, volunteering, gardening, golf, or art are just a few opportunities to explore. And interestingly enough, many retirees say they aren’t sure what they are doing, but they seem to be busy all the time. Business owners are used to making decisions and maybe it’s time to take the step to finally sell their company – because it’s time!