Whether you have a second generation to take over or need to recruit a successor, it is important to be honest about the relationship you have with your business.
This quiz will help you discover where you stand. To decide whether to begin preparing your succession plans, or perhaps decide to sell, count your “yes” answers to the following questions:
Instructions: Tick the box if you want to mark yes. Then click the SEE RESULT button.
Family Troubles
Is your business less enjoyable now than before?
Does your business challenge and excite you less now than it did earlier?
Do you think of selling your business more often now than you did previously?
Do you find yourself complaining more often than before?
Has the business come between you and your loved ones?
Has the business begun to level off or decline?
Are you concerned that you no longer have the stamina your business requires?
Do you ask yourself “What would I do if I sold?”
Do you often wonder what your business is worth?
Would you hesitate to personally guarantee a sizeable loan in order to grow the business?
