Lucido Global Business Brokers

Lucido Global Business Brokers

Adding Value, Creating Wealth

  • Home
  • About Us
    • About Us
    • Suite of Services
    • Our Team
  • Buying a Business
    • Buying a Business
    • Buying a Business Tutorial
  • Selling a Business
    • Selling a Business
    • Selling a Business Tutorial
  • Visas & Immigration
  • Businesses For Sale
    • Featured Businesses
    • Florida Businesses
  • Blog
  • Contact Us

Burnout: An Ever-Present Threat

By Rod Burns Jun 28

Photo Credit: Lori Hersberger via Compfight cc

Photo Credit: Lori Hersberger via Compfight cc

Burnout is an often-used reason for an owner selling his or her business. Potential buyers may have trouble accepting this as a valid reason for sale. However, burnout is a valid reason for selling one’s business.

A business owner can experience burnout even with a business that’s successful and growing. Many independent business owners feel they’ve worked hard, made their money, and now is a good time to cash out and move on, before burnout endangers the health of the business.

The following warning signs should remind a business owner that cashing out beats burning out:

You are overwhelmed on a daily basis.

When a business owner is a one-man show, even small tasks and minor decisions can seem bigger than Mount Everest. These owners have been shouldering the burden alone for too long, and the isolation has taken its toll.

You sense a failure of imagination.

Burnt-out owners are so close to their work that they lose perspective. Prioritizing becomes a major daily challenge, and problem solving sometimes goes no further than the application of business Band-Aids that cost money in the long run rather than increasing profits.

The joy is gone.

Although owning a business is hard work, it should also provide a good measure of enjoyment. When the work day begins with dread or boredom, the owner probably needs a change of scenery and a new challenge.

You are simply exhausted.

Being “just too tired” is a complaint heard just as often from the owner of the successful business as from the business that’s struggling to survive. In fact, a business that is growing will create increased demands of time and energy.

No matter what the status of the operation, the sheer work of keeping a business going day after day, year after year, is enough to encourage a business owner to make a change. This kind of schedule is not for everyone; in fact, statistics show that it’s hardly for anyone on a long-term basis.

Tags: bbp Categories: Seller Articles

Prev
Next

Featured Businesses

Subscribe to our Newsletter

No worries, your information is safe with us. We hate spam too!

From Our Blog

The Transformative Benefits of the Entrepreneurial Operating System®

April 2, 2021

Damon Neth is a Professional EOS Implementer of the Entrepreneurial Operating System®.  He … Read More »

A Private Equity Firm Veteran’s Advice for Business Owners Preparing to Sell

March 27, 2021

What kinds of insights about selling a business might come from experts at private equity firms?  … Read More »

The Psychology of Selling – Are You Sure You’re Ready?

March 18, 2021

More than likely, selling your business is one of the biggest decisions of your life.  Unless you … Read More »

When Should You Think About Selling Your Small Business?

March 16, 2021

There are many reasons why small companies are put up for sale.  Some of the more common reasons can … Read More »

Is Your Business Charging Enough For Goods & Services?

March 5, 2021

A small increase in what you charge for your goods and services can make a tremendous difference to … Read More »

3 Steps for Achieving Pricing Power

February 19, 2021

The simple fact is that most of us want to control our own fate.  This fact is especially true for … Read More »

Global Business Brokers

Contact Us

Lucido Global Business Brokers
Keller Williams Coral Gables
550 Biltmore Way PH II A-B
Coral Gables, FL 33134
Office (305) 662-7325
Direct (954) 913-5464
rod@globalbusinessbrokers.net

Adding Value, Creating Wealth

  • The Transformative Benefits of the Entrepreneurial Operating System®
  • A Private Equity Firm Veteran’s Advice for Business Owners Preparing to Sell
  • The Psychology of Selling – Are You Sure You’re Ready?
  • When Should You Think About Selling Your Small Business?
  • Is Your Business Charging Enough For Goods & Services?

Join Our Team

Copyright © 2021 Lucido Global Business Brokers
MENU
  • Home
  • About Us
    • About Us
    • Suite of Services
    • Our Team
  • Buying a Business
    • Buying a Business
    • Buying a Business Tutorial
  • Selling a Business
    • Selling a Business
    • Selling a Business Tutorial
  • Visas & Immigration
  • Businesses For Sale
    • Featured Businesses
    • Florida Businesses
  • Blog
  • Contact Us