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any factors will tell you when it's time:
- Owner's "burn out."
- Owner's or key employee's health problems.
- Business relocation or rerouting of expressways.
- Lease expiring and you do not want to renew for another term.
- Changing technology.
- Get estate in order.
- Not interested in investing additional long-term capital.
- Children do not want to enter the family business.
- Under capitalized.
- Largest accounts in financial difficulty.
- Bank unwilling to renew credit lines.
- Supplier problems.
- Staff problems.
- Customer habits changing.
- Seeks retirement.
- Wants to cash out and go fishing.
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Whatever the reason, you need to plan on an orderly transition to new ownership and less involvement on your part.
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The secret is: How do you find the right buyer for your life's work?
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