Be honest: are you excited to go to work in the morning?
There's no shame in admitting it if you aren't. What it may mean, though, if you are a business owner is that it might be time to call a business broker and discuss whether a sale of your business might be an option. Don't put this off until you really want out. Selling a business can be a multi-year process, where you may want to make changes to the business to make it more marketable and valuable for a couple of years before selling, and then the selling process itself may take 6-12+ months.
While this can be a significant undertaking, imagine how it will feel to free up your time and gain liquidity that you can use to pursue something you are passionate about.
For businesses with $1 million+ in annual revenue and at least a two full-year operating history, Codiligent business brokers offers a free marketability assessment that can help you determine what issues may be inhibiting marketability and value that you may want to address before selling your business.
Here's a link to a blog post from lawyer-turned-entrepreneur Jonathan Fields, that describes his observation on business owners who have lost their passion for their enterprise: It may be your baby, but is it your thing?
There's no shame in admitting it if you aren't. What it may mean, though, if you are a business owner is that it might be time to call a business broker and discuss whether a sale of your business might be an option. Don't put this off until you really want out. Selling a business can be a multi-year process, where you may want to make changes to the business to make it more marketable and valuable for a couple of years before selling, and then the selling process itself may take 6-12+ months.
While this can be a significant undertaking, imagine how it will feel to free up your time and gain liquidity that you can use to pursue something you are passionate about.
For businesses with $1 million+ in annual revenue and at least a two full-year operating history, Codiligent business brokers offers a free marketability assessment that can help you determine what issues may be inhibiting marketability and value that you may want to address before selling your business.
Here's a link to a blog post from lawyer-turned-entrepreneur Jonathan Fields, that describes his observation on business owners who have lost their passion for their enterprise: It may be your baby, but is it your thing?
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