Is now the right time to sell my business?

Original source: https://www.sacramentobusinessbrokers.com/faq-selling-your-business#is-now-the-right-time-to-sell-my-business Business performance: Assess the current performance and growth potential of your business. If the business is thriving and showing consistent growth, it may be the right time to sell. On the other hand, if profits are on a downward trend, it may be more difficult to find an interested buyer or receive your desired asking price. Market conditions: Evaluate the current market conditions for your industry. A favorable market with high demand for businesses similar to yours can make it an ideal time to sell. It’s important to regularly assess the market environment by keeping an eye on competitor activity, industry development, and market trends. Personal circumstances: Think about your personal and financial goals. Are you ready to retire, pursue other interests, or invest in new ventures? If you’re beginning to feel burned out...