Twitter Facebook LinkedIn Flipboard 0 They say all good things must come to an end — entrepreneurship is no exception. Your business is all grown up now, but is it time to say goodbye? Owning a business can be one of the most rewarding experiences a person can have, but it’s not always sustainable. You may have already toyed with the idea of selling, and as the years go by, more and more reasons in favor of this major decision inevitably crop up. But, the difference between bowing out elegantly and stumbling your way out is recognizing the following signs that it’s time to sell. 1. Burnout Not everyone is built to be a lifelong entrepreneur. Maybe you want a new career. Maybe it’s time to earnestly pursue your dream of oil painting. Whatever the reason may be, if you’re feeling burnt out, it might be time to sell. Contrary to popular belief, owning a business isn’t always that glamorous. We might think entrepreneurship is all about rubbing elbows with CEOs and cashing checks, but the day-to-day reality of owning a business can be grueling and stressful. After a while, it’s natural to experience some attrition. Know when to call it quits — there’s nothing wrong with ducking out when the timing is right. In fact, when faced with burnout, you have more to gain by selling than trying to tough it out. No one can deny you got to this place by being strong and industrious, but after awhile you’re not doing yourself or your company any favors by sticking it out for the wrong reasons. 2. Mounting risk If you’re running a successful business, you’re already beating the odds. According to Bloomberg, 80 percent of small businesses fail within the first 18 months of operation. You’re an anomaly, but there might come a time when your luck runs out. Maybe consumer trends are shifting, the tax burden has become overwhelming, or your industry is evolving unfavorably. Owning a business is inherently risky and any number of things could stack the cards against you. If you can see storm clouds on the horizon, it might be time to get to safety. Listen to that feeling in the pit of your stomach — you’re walking a tightrope that might not sustain market pressure forever. 3. Increased business value The above point assumes that your current industry is trending toward disaster, but what if the opposite is true? If you have built your business prudently and operated frugally, there is a good chance your business has increased in value. If you’re in this camp, there’s a possibility other entrepreneurs are eyeing your business for purchase or acquisition. For example, if you have operated a small business that fills a particular niche, you could make a tidy profit by selling to a larger company who covets your product, customers, and brand equity. A big-time acquisition usually necessitates your involvement for a set amount of time before you leave, but this opportunity is a great way for successful business owners to cash in on their hard work. 4. Life circumstances While your business might feel like your everything right now, in the grand scheme of things there are other life priorities that should take precedence over attaining your mogul goals. For example, our business might feel like your baby, but actual family members take priority. We could all use a little more family time, but something has to give, and sometimes that something should be your business. There are other motivating factors that could spur a sale. Maybe it’s as simple as needing more “me time.” Running a business can be stressful and time-consuming, so it’s perfectly natural to desire some time to work on your golf swing. Selling can make that possible. 5. Retirement Speaking of working on your golf swing, one of the most common reasons to sell your business has nothing to do with the business itself, but everything to do with you: retirement. As you move into the retirement years, there are many practical reasons to sell your business. Primarily, you stand to earn a significant nest egg from a sale, which can help fund your retirement. Sure, you could continue living off the income of the business, but a sale would be a nice injection of capital that could be invested (or, more likely, spent on a speed boat). Don’t cry because it’s over, but smile because it happened. After all the years of hard work you put into building your empire, there’s satisfaction in bowing out gracefully. You deserve it, and so does your business. Whatever your reason to consider selling your business, recognizing the signs can help ensure your business receives the hand-off it deserves. Twitter Tweet Facebook Share Email This article was written for Business 2 Community by Jay Leonard.Learn how to publish your content on B2C Author: Jay Leonard Jay is a UK-based cryptocurrency expert, specialising in fundamental analysis and medium to long term investments. Jay has a great deal of hands-on experience in analysing financial markets and performing technical analysis. Jay is currently focusing on the institutional adoption of cryptocurrency and what it means for the future ofView full profile ›More by this author:Cameo CEO Steven Galanis Wallet Hacked – $231k Worth of NFTs StolenMastercard CFO sees Growth Opportunities in CryptoMarvin Inu Trending on Twitter – Is Tamadoge Next to Pump?