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Guide

Should You Sell Your Business? Timing Checklist

Business Exit12 min readJan 10, 2024

Deciding when to sell your business is one of the most consequential decisions you will make as an owner.

Market Timing Indicators

Industry Cycles

Every industry has cycles. Understanding where you are in the cycle matters.

Favorable conditions: High M&A activity, strong stock market, low interest rates, active strategic buyers.

Unfavorable conditions: Industry consolidation slowing, economic uncertainty, rising interest rates.

Your Business Performance

Sell when revenue and EBITDA are growing, hitting projections, and competitive position is strengthening.

Wait when growth has stalled, key customer issues, or margins under pressure.

Competitive Position

Strong position: Market leader, defensible moat, growing faster than market, high customer satisfaction.

Weaker position: Losing market share, competitors getting stronger, commoditized offering.

Personal Timing Considerations

Are You Ready Personally?

Sell when mentally and emotionally prepared, have a next act planned, family is aligned, and not burned out.

The Bottom Line

Use this checklist monthly. When you see consistent signals in the 7+ range, start your preparation timeline.

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