Selling your business is a massive step. Whether you are selling because you want a change in career, you want a role that has less pressure than owning and operating, or the time has come that you are ready to retire, the business will usually have been a massive part of your life. It’s sure to have represented many years of long days, stresses and rewards. That emotional investment is usually one of the main reasons that a company succeeds, but it can be a hindrance when it comes to selling –here’s why your emotional readiness is an important factor in the sales process.
Setting terms and conditions
What is your plan?
Owning and operating a business can take up large swathes of your time on a daily basis, and much like when a long-time employee retires, there can be something of a culture shock when you do eventually step away. It is important to have a plan for your time, whether it is something more general like ‘travel more’ or something specific like moving to a new state/country and starting a life of relaxation –make sure that you have something to fill your days or you will start to regret your decision.
Pinnacle Pharmacy Group
At Pinnacle Pharmacy Group, we are experts in managing mergers and acquisitions in the pharmacy business and digital health sector. While we cannot necessarily help you with your post-sale plans, when it comes to negotiating and getting the right deal for you –there is no company better than us.