Sell to De-Risk: Embrace Health and Freedom

Motivations for selling a business often include exhaustion from the demanding nature of entrepreneurship, a desire for freedom, health considerations, and family obligations. Many business owners, feeling overwhelmed, prioritize their well-being and personal passions, with some even pivoting to entirely new careers post-sale. Risk management is a crucial factor influencing the decision to sell; past economic downturns, such as the 2008 financial crisis, have left lasting scars on many entrepreneurs, with some never fully recovering. Thus, selling all or part of a business serves as an effective strategy for mitigating risk while securing financial stability.