Is this a good year to sell your business?

Some businesses are doing very well this year, others are not doing so well. Is this a good year to sell or should you wait another year?

There are many reasons for selling a business, health, retirement, marriage breakups etc. Sometimes you can delay the timing of your retirement but health, finances or marriage split up may require that you sell now matter if this is a good time to do so or not.

If you have time on your side, then you need to look at many factors to determine if this is a good time to sell your business:

Profitability, have your profits been increasing over the last three years? have you received a lot of new business which may be related to the government infrastructure spending? Do you want to enjoy those profits or sell it and give someone else the benefit of those profits? Has your business been struggling lately?

Are your sales being affected by the economy? Are your sales and profits dropping? Do you expect them to improve soon?

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