Why it’s good: It’s not, it’s bad and it’s very sad.
What it is: The place many business owners end up if they wait to learn about selling their business.
We’ve talked to hundreds of owners over the years in this very situation.
The fact that they are in a failing business isn’t the worst part. The worst part is when you realize they didn’t know they were in a failing business. And then, when they finally see the failure coming, they move on to the “sell the business” fantasy.
“I’ve been through a lot with it,” he said. “But I am worn out, I’ve just been doing this for so long.”
“I would feel really bad if it closed. But, unfortunately that’s out of my control once it’s sold,” he said. “I will miss it. But, maybe no one will buy it.
We know it’s terribly unfair to sit back and diagnose a situation like the one profiled in this article, and we certainly hope that Mr. Prise can achieve his exit goals. But this situation is way too common, and too many business owners don’t understand that this is the path they are on until it’s too late.
Stop waiting. Learn to Leave!