If you returned from a one-month vacation would you come back to a business that would be operating as well as before you left? Businesses that are the most valuable and the most marketable are those that don’t require daily management from an owner. If through systemization, automation, documented processes, procedures, cross-training, and delegation the business can maintain good performance for a month in your absence, it will be a more compelling acquisition target. If you are confident your business will perform well in your absence and you are getting ready to sell the business in the near future, you may want to consider taking a 3-4 week documented vacation. If your company is able to demonstrate good performance during your time away, it will give an acquirer greater confidence of continued solid performance post acquisition, and that, in turn, may lead to a higher price and better terms. So, go ahead: you have permission to take a long vacation.
Buy and Sell Well
Codiligent Business Brokers' blog on entrepreneurship, capitalism, and successfully buying and selling businesses.
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