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| Which is the ideal time for selling my business? |
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Answer: When the business is making significant profits and the future looks prosperous. You should bear in mind that the price to be paid for the acquisition of a business depends on the current profits and to an extent discounts the future profits.
You should also take into consideration that by selling your business, you reduce the risk that is associated with the operation of a small or medium-sized enterprise and you convert a significant portion of your wealth from intangible assets (goodwill) into cash, which will in turn enable you to look into new opportunities.
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