your password has been reset successfully, Please login again.

When is the right time to exit your business?

Starting a business is not a child's play so it is essential that when entrepreneur exits from it he/she get the best deal for it. To know when to exit, given below are some pointers.
BY Akshay Arora
Feature Writer, BusinessEx
Jan 29,2018

An entrepreneur starts a business with an aim to make it successful but in order to do that one has to overcome all the barriers existing in the business environment. But those who fail to succeed; they must prepare an exit strategy as when and how to sell their business. It is hard to determine when is the right time to sell your business but not impossible.

Starting a business is difficult and needs a lot of hard work which you must have invested in so it is vital that you get the most out it when you make an exit. But selling a business is a very crucial step which needs a perfect timing to gain the most out of it. So lets see how to know when the right time to exit your business is.

When is the right time to exit?

Forecast Market Downturn:

If you have researched and anticipated when the market will go south then you must consider of selling your business. Selling before market face downturn will help you get a good price. You must know that some products demand always stay the same as they are the basic need of people then this method will not help you determine whether to exit the business or not.

Lose Interest

Sometimes a person just loses the passion they started their business with which maybe because of less activity in the business or at small scale then one must exit from their business. But exiting from the business doesnt mean that you cant find your passion again if you have interest in something else and there is demand for it then you can buy a new business in that segment from online networking portal BusinessEx.

Breakeven Point

It is essential to analyze cost from time to time as well as the profits of the firm. If the cost is below the breakeven point which is both fixed cost and variable cost is more than the income then you must analyze how to overcome that if you are unable to do that then you should exit from the business. It is the most logical solution as one cannot keep on bootstrapping its business and still stay in the loss.

Retirement

In some cases entrepreneurs are just had enough with the stress and work and plan to relax then the best option to do is either get into a joint venture and become a silent partner or sell your business at a good price and relax for the rest of your life with the fortune money you got.

Unanticipated Offer

Sometimes there are situations that made you exit the firm like if you get a good price for your business whether it sudden or not you must give a thought to it as it is hard to get a good deal upfront. It is beneficial for you as you can make a profit from and even get to keep your dream because you can always start again.

Narrow Market for Product

If you ventured into a product which has a narrow market then there are high chances that some big company may propose to buy your business. It is good to sell your business to a big company as you get a good deal in return.

Conclusion

Making an exit could be essential sometimes to stay in profit but to know when to exit is essential in order to get in profit. There are situations mentioned above that will guide you and also the best option to get a good price is to sell your business on online networking marketplace like BusinessEx.

Please add your Comment
SIMILAR Articles
February 21, 2019
Keeping a vigilant eye on the economy is essential for investors as well as investors-to-be. ...More
By Jaspreet Kaur
February 14, 2019
Today, insistent entrepreneurs are opting-in the industry and help create a positive outcome in the ...More
By Jaspreet Kaur
February 12, 2019
Plainly trusting on the success rate of the stocks and betting your hard-earned money into plans can ...More
By Jaspreet Kaur
February 09, 2019
Oodles of hard work and knowledge need to be imbibed to become a good businessman ...More
By Jaspreet Kaur
February 08, 2019
Success is not only relatable to startups; it can be achieved by acquisition of failed ventures also ...More
By Jaspreet Kaur
February 07, 2019
One can earn good revenue from waste management business besides creating positive impacts in the so ...More
By Jaspreet Kaur
February 06, 2019
The enterprises which mainly target children as their customer face lesser struggles since the enter ...More
By Jaspreet Kaur
February 05, 2019
Regulating the waste is a jostling task for the regime, so it's time for young millennials to become ...More
By Jaspreet Kaur
February 04, 2019
An entertainment centre business directly deals with chunks of masses and thus, promotion precipitat ...More
By Jaspreet Kaur
January 31, 2019
To find the root cause, employers need to dive deeper into the problem and the results were totally ...More
By Jaspreet Kaur
January 31, 2019
Reckoning the candidates completely is not fair; an employer should consider crosschecking his backg ...More
By Jaspreet Kaur
January 30, 2019
Hiring a software company for the work is like employing the candidates in the company ...More
By Jaspreet Kaur