3 Smart Ways To Exit Your Business

single blog

3 Smart Ways To Exit Your Business

Looking to exit your business?

Launching and scaling a business is both exciting and challenging. It’s far from easy so congrats for getting this far!

However, exiting your business is a challenge too – and it can go wrong very quickly if you don’t do the right things.

Now that you’ve made it this far, it’s essential you transition seamlessly onto your next project. So join us as we take a look at 3 smart ways to exit your business.

Sell Your Business Now

The most obvious way to exit a business is to sell it. But this is only really possible if your business is in good condition. In other words, it’s a few years old and profit and revenue are good. This will allow you to get the best possible deal, and it will also attract the right type of buyers.

To find out whether or not your business is saleable right now, the smart thing to do is to talk to experienced brokers (ahem…that’s us). They will help to price your business up, and they will also help you find buyers and negotiate a deal that’s fair for you. This will then allow you to move on to your next project with zero hassle (and money in the bank).

Sell Part Of Your Business

If you’ve got other projects in the pipeline and are no longer able to dedicate yourself 100% to your business both in terms of finances and time, an option at this point is to sell part of your business to an investor.

Selling a portion of your business to an investor is a smart move because it allows someone possessed with even more experience than you to help scale it and take it to the next level. Savvy, experienced investors can open new doors and find new opportunities that you may have missed.

Moreover, they’ll take on some of the financial burden and allow you to play a reduced role if this is something you’re currently interested in.

Merge With Another Business – Or Become Acquired By It

With this exit strategy, your business essentially merges with (or is purchased by) a business similar to yours in terms of its goals, niche and audience. Similar to selling part of your business to an investor, it’s a strategy that allows you more flexibility in terms of your time and commitment.

You could even take the option of completing walking away anytime you want, too.

Plus, merging allows you to negotiate how much you sell your business for, even if this process is typically time-consuming. Moreover, your business might change beyond recognition, which is why it’s not always the safest option if you see your business as your “baby.”

Conclusion

These are 3 smart ways to exit your business. If you want a clean break and wish to move on to a new venture altogether, selling with a broker is the ideal option right now. However, you also have good alternatives in the form of selling part of your business to an investor, or merging it, should you still want to retain some level of involvement for the time being.


Ready to sell your business for the best possible price? Click below to get started. No obligation, no hard sell. Just solid, professional advice.

Recent Posts

Jun 27, 2022

by Ben

Marketing Strategies To Increase Your Amazon FBA Business Valuation

The ultimate objective for many Fulfilled by Amazon (FBA) sellers is to build a successful business ...

What Is SDE? Seller's Discretionary Earnings Explained In Full

May 25, 2022

by Ben

What Is SDE? Seller’s Discretionary Earnings Explained In Full

When you start to think about selling your e-commerce business, one of the first questions you’ll ...

5 Ways To Automate And Scale Your Amazon Business So That It’s Sellable

May 11, 2022

by Ben

5 Ways To Automate And Scale Your Amazon Business So That It’s Sellable

Of course, launching and running an Amazon store is a fantastic challenge. At times, it’s fun, ...

Mar 17, 2022

by Ben

Why You Need To Know Your Numbers – Case Study

Sarah (not her real name) approached us with $12 million in annual sales, $1.6 million in ...

Different Structuring Options For An Online Business Explained

Feb 14, 2022

by Ben

Online Business Deals: Different Structuring Options Explained

Have you launched a business, grown it, scaled it and nurtured it?  Excellent. Now, perhaps, it’s ...

The Most Common Mistakes You Should Never Make When Selling Your Online Business

Jan 5, 2022

by Ben

The Most Common Mistakes You Should Never Make When Selling Your Online Business

Imagine launching an online business, before spending time growing it, scaling it and turning it into ...

The Stages of Managing Offers For Your eCommerce Store

by Ben

The Stages of Managing Offers For Your eCommerce Store

Launching and scaling an online store is one thing – selling it is another. While building ...

5 Ways To Automate And Scale Your Amazon Business So That It’s Sellable

Jan 4, 2022

by Ben

6 Steps to Automated, Scalable, and Sellable Business

Want to create an automated, scalable and sellable business? Read on. Pretty early on in my ...

Why You Need Clean Financials When Selling Your Amazon Business

Dec 21, 2021

by Ben

Why You Need Clean Financials When Selling Your Amazon Business

How can you improve the value of your Amazon business? You can automate it, you can ...

How To Improve The Transferability Of Your Amazon Business

Nov 22, 2021

by Ben

How To Improve the Transferability of Your Amazon Business

A transferable Amazon business is one that is able to run successfully without you. It’s a ...

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x