Hang Up Your Hat, It’s Time To Sell Your Business

 
When you spend months and months nurturing the seedling which is your business idea, only then to feed it, nourish it and watch it grow into a beautiful venture; the thought of ever selling up and moving on can be beyond imagination.
There will come a time in your career when it’s time to sell a business and move on to greener pastures. The real question you must ask yourself is when is it the right time to sell up and move on? Well, take a look at these signs that it’s time to jump ship.
It’s Making You Ill
Because you are solely responsible for the success of your business, it can be difficult for you to let go at the end of the working day. This is natural, but after a long period of time spending hours in the office after dark, it will begin to affect your health. Physically, you will be much more fatigued, your blood pressure will rise, and you will be more susceptible to illness. Mentally, stress-related illnesses such as anxiety and depression hold a much higher risk in someone who never takes any time out of work. If you find that all of your time is being spent in work or doing things for work, and you are beginning to become ill from it; it’s time to get out
Your Skills Have Become Obsolete
As the founder of a business, you will have spent a lot of time working on your own in the beginning, learning a mix of skills, and becoming a Jack of all trades. However, when you start recruiting people who are qualified in the areas which you were just managing, you will find that the skillset you have is no longer adding value to the business. You could decide to step back and manage things from afar, or you may want to sell up and begin again with another venture. It’s never too late to begin again and start learning some essential skills in a different industry.  
Your Business Is Struggling
The main reason many entrepreneurs drop and run is when their business begins to dip. We all reach a peak at some point in our careers, and it’s no different with the popularity of your business. One year, you might be floating on cloud nine with record sales, but the moment that begins to subside, you may want to consider selling up before you dip dramatically and make some heavy losses from which you cannot recover. For example, with the age of mobile phones, online shopping is rapidly becoming much more successful than walking to the shops and browsing around. If you do have a physical building and don’t want to sell up, consider opening an online store to attract more customers from a wider area.
You Find Another Opportunity
It’s not all doom and gloom; you may actually find that you sell up the business and move on to something much more lucrative in the long run. If an offer presents itself to you which seems too good to miss, you will want to start the handover process of your business to a trusted senior staff member. It will mean that your old business can still be run with professionalism and you can move onto a new exciting project. As an entrepreneur it is difficult to resist the idea of opening up another business, so if you do still have that fire inside you, let yourself experience something new.