We often deal with the sale of the company as “demanding”. But it’s a decision to leave, leave. This is not negative, but it is important to explore your reasons. Some are valid, others are less and many of them fall into the gray area that deserves a deeper idea.
Ideally, the founders build a company they love, which increases their lives. Business is one of the greatest gifts of life for me. It offers freedom, wealth, connection and ability to serve, create and leave a brand in the world.
The headphones I use, the tools I wear, the art of my wall – everything exists because someone has built them. The shape of the company entrepreneurs. This is the power of business.
The “Electronic Trade Conversion” this week is my fifth championship class for business, after hiring, branding, profit building and priority. For this episode LLL solves the reasons – valid or not – for the sale of the company.
The dialog is inserted under the whole sound. The transcription is condensed and adjusted for clarity.
Invalid reasons
The decision on the sale of the company is a subjective course. My opinion is that the owners often sell for invalid reasons, for example the following.
To believe other business is easier
Sure, some business may seem simple, but what is easy for one person is difficult for the other. It depends on your skills, team and experience.
Business is a number of endless problems that can be identified, prioritized and solved. Jumping on others will not escape problems – trading with one set for another. If you think another business will be trouble -free, you are chasing the illusion.
Instead, consider how to make your current business more locked. The solution of this problem – how to make love every day – is useful persecution.
She wanted to “download”
Lying on the beach, traveling nonstop or renewing cars may sound attractive, but are misleading. Work is a gift, not barden. The real victory is to design a job surrounding what you love, with the people you enjoy, and according to your own conditions.
Ask yourself, “How can I create a business that allows me to work on what I want when I want to, with the people I want to work with?” If you can solve it right away, you probably won’t solve it with another business.
Many entrepreneurs fulfill their jobs, enjoy time with their families and travel around the world – not because it is shine, but forming their business to support life they want.
Valid reasons
The owners certainly have legitimate reasons for sale. Here are several.
Partner problems
If you are philosophically in line with your partner, it is almost impossible to run a successful company. Uncommon in vision, values or decision -making creates friction and this tension eventually stops progress or tear business.
If you have made real efforts and you still can’t find a common group, maybe it’s time to sell.
A minimum viable product failure
The idea of MVP is to test the market at a low price. If the early results are poor with the battle uphill to get traction, it may stop early than SISHT thousand dollars in something that the market does not want.
The best products solve a specific problem for targeted audiences and create real interest, even in highly competitive markets.
If your product does not create dynamics, consider reducing your losses and continuing to test, refine and find the ideal market.
Bankruptcy
If you are exhausted all options – negotiations with creditors, credit expansion, asset selling, inventory liquidation – it is time to retreat.
Administration for bankruptcy will not define you. It simply means you risked something new and it didn’t work. Many successful entrepreneurs have declared bankruptcy. It’s not a personal failure – it’s part of the learning process.
Use an experience as a steppe stone. Restore your trust, think about decisions and learn from lessons. This knowledge will serve you in the next business.
Bad health
Serious health problems could signal time to appreciate. No business is worth sacrificing your well -being.
Find a way to integrate healthy habits such as exercise, nutrition and stress management, while continuing to build. However, protection of your health means leaving and starting again. You only get one life. Time is your most valuable asset and if your business actively jumps, the costs are too high.
A bad view of growth
If you have encountered a long -term growth plateau, the sale of the company is the possibility. The key is long -term. Only a time failure can have a business that has deposited for Berehs or even several neighborhoods. Ask yourself, “Are your expectations realistic? Do you experience a natural outflow and flow of business, or is it a really dead end?”
Immerse yourself in the root cause. Is your market too small? Is the razor profitable? Are there surgical inefficient or too aggressive growth strategies that do not produce the desired results?
If you are exhausted all strategic options, it may be time to consider what will happen next.
Life-who
Getting a life -changing offer could make you sell. You may have said, “If I ever get $ 5 million, I’m out.” Then he offers it. But there is a catch: If you find out what will happen next, you may find yourself with time and money, but without direction. Many entrepreneurs find that they have newly enjoyed building their business and that magic will not return.
Especially if you built it with partners you love and trust, selling is like a divorce. Once the business is over, this firmly bold bond could be. Great partnerships are rare and irreplaceable.
Sales, when there is a strong arrival offered, may be a smart move, but about what comes next.
Declinate market
Think Blockbuster – once giant, but eventually overtaken Netflix and Redbox.
Netflix Pivoted-Frome DVD-by-E-Mail for digital streaming, then to create a content that transforms their business model. Blockbuster not.
Consider where there is a swivel opportunity before selling or closing the company. If the beard moved, could Beardbrand, my company to care for men’s or women’s products? Innovative beer can keep you, no matter how the market changes.
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