(This is part 3 of a 7-part series on “Warning Signs That it Might be Time to Sell Your Business”)
You have outgrown your business. Most people get into business intentionally. But some get into business by accident. Some people are very good at running a business and they may discover after some time that while the business is satisfying them personally, the business is not sustaining them financially. They are ready to move onto to bigger and better things.
People in this situation know most the basics of running a small business and they should step up to a larger business; one that can produce more income and utilize their talents more effectively. In this case it is often better to sell the business they presently have and move onto the next level rather than to just acquire more stores. This much like a person changing a job because they have maxed out their present position and want a more challenging and financially rewarding job. They decide to move to the next level.
If you have outgrown your business, it might be time to sell.