We are calling September the second resolution of the year. It is a special month in which you have a fresh start after the summer break. Fresh starts allow you to rethink which route you would like to take for the upcoming year.
This is no different for businessmen such as yourself. A common September resolution for some businessmen is to sell their business as well as to buy other businesses. That being said, why not reflect on this for a moment?
Are you in the position to face the next round of new competitors and challenges? Do you feel prepared to adapt to the changes of your industry?
Or do you think that it is time to rest and enjoy the rewards of all your hard work?
There is no right or wrong answer, so let’s take a look at some important factors you have to take into account before deciding if you are ready to keep on going or if you want to throw in the towel.
If you are thinking you are ready for another round, take into account the need to incorporation new resources: if one finds themselves seeking an increase of capital to continue to be competitive, it is possible that the businessman is not willing to re-invest in the assets that they have already generated and extracted from the business.
There is no need to worry if this is the case since September is the month in which many individuals suchs as yourself want to sell and a lot of buyers are ready to make the move.
But the uphill is just beginning. This months’ wave encourages and inspires the appearance of new economic players with greater competitive capacities that will threaten the future of your business. These players tend to be from different geographic markets or products. If you don’t see yourself ready or wanting to fight new and powerful competition, then it will be wiser to make a smart choice and sell your business.
Seller and buyers are not the only ones rethinking their future, employees and teammates are too, therefore the loss of human capital becomes a risk. If one is having trouble hiring, working together or keeping a team that is running the business, these are signs that it is time to sell your business. At this point, the owner does not have the will nor the strength to make the business grow at a rate that is of interest to other external directors.
September is the “icing on the cake”, because it is not just about one month, it is about the whole moment we are living now. Theoretically, for the next 30 days you are in a golden period to make a decision about selling your business.
Why? For many reasons, for example, interest rates have never been as low as now. Companies have never been worth so much. But the rates will inevitably rise again with inflation.
Also, money in the hands of venture capital is at record highs, central bank balance sheets are inflated and the liquidity of listed companies is causing a wave of sectoral consolidation. You know your sector. If the wave has started, it will change its competitive structure and the margins will suffer. The last ones that remain without participating in the consoloditation will not be able to survive.
LET’S DO THIS HAND BY HAND
We understand the implications and hard work you have invested these past years of your life into your company, and we understand that the challenges become bigger every year. Therefore we want to ensure that all your effort doesn’t stop where you stop.
That’s why ONEtoONE will help you to find the best buyer and solution to your situation. We aim and work hard to secure a trusted buyer and process; one with which you find yourself comfortable and happy, and that will let you focus on your new life plans without worry.
Don’t hesitate to contact us if you want more information about how to take on this important step in every businessman´s journey.