{"id":14688,"date":"2021-03-16T06:15:02","date_gmt":"2021-03-16T06:15:02","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=14688"},"modified":"2021-03-16T06:34:45","modified_gmt":"2021-03-16T06:34:45","slug":"deciding-whether-or-not-to-sell-your-business","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/deciding-whether-or-not-to-sell-your-business\/","title":{"rendered":"Deciding Whether Or Not To Sell Your Business"},"content":{"rendered":"

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There are roughly 22 million businesses in the United States, ranging from small to mid-sized to large and spanning every industry in the world. While the general purpose of a business is to provide a product or service and generate revenue, there is also a range when it comes to what the business owner\u2019s end game is.\u00a0<\/span><\/p>\n

Some business owners are so passionate about their company that it is a lifelong project. Through the good times and the bad, they want to <\/span>keep growing<\/span><\/a>, make their quality consistent, and sustain a valuable relationship to customers and communities.<\/span><\/p>\n

There are other business owners, however, who have a different kind of passion and that is to grow sustainable business models and then sell them to bigger entities. This is why you will hear of entrepreneurs who have owned dozens of companies. You wonder, how could they possibly run so many businesses at once? Well, usually, they are only actively running a few of those enterprises and the rest they\u2019ve sold for profit.\u00a0<\/span><\/p>\n

Some business owners will never sell their company. It\u2019s part of their lives and they\u2019re committed to keeping things a certain way. Others feel that at a certain point, they\u2019ve done as much as they can do and decide it\u2019s time to pass it off to be absorbed into a larger corporation. Depending on how valuable the company is at the time, this deal may afford the business owner with the funds needed to start a new business.<\/span><\/p>\n

We\u2019re seeing a streamlined, small-scale version of this with Amazon\u2019s fulfillment program, which provides smaller business owners and sellers with the warehousing resources and ecommerce logistics needed to sustainably grow. On the other end of this pipeline, larger companies will <\/span>buy Amazon FBA business<\/span><\/a> models that have proven to be lucrative.<\/span><\/p>\n

The question of whether a business owner or seller should sell their business is complex and personal. Sometimes it\u2019s about more than just money. For example, a multi-generation, family-owned farm or agricultural company might be reluctant to hand over the keys of their ma and pop business to a giant corporation. On the other, Etsy sellers that have built red-hot ecommerce shops in volatile industries may decide to make a profit and get out while their valuation is high.\u00a0<\/span><\/p>\n

Here are a few <\/span>factors to consider<\/span><\/a> if you\u2019re deciding whether or not to sell your business.<\/span><\/p>\n