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[Gamer01]

There are many people who like to change their niche and business options regularly they mostly launch a business and if it is success they mostly sell it at any good offer that they can find for their businessetup and they look to move forward to operating a new business.

Many people do so and it is personal choice of anyone in. a buisness if you would do sp at what percentage of growth would you be doing it ?

 

[Wisdom01]

A person can decide to sell off his shares in a business if the company is running into bankruptcy and managing the finances become very difficult for him. Many people has bought over company like this just because the owner can not be able to manage such business..

I believe When a company declares bankruptcy, there is a process where the company's assets are sold to settle the debts it owes. Shareholders may receive a portion of the proceeds from the sale, but the amount they receive depends on the bankruptcy court's rulings and the priority of the claims against the company

 

[holie]

I believe When a company declares bankruptcy, there is a process where the company's assets are sold to settle the debts it owes. Shareholders may receive a portion of the proceeds from the sale, but the amount they receive depends on the bankruptcy court's rulings and the priority of the claims against the company

I would not know the process of sharing the company asset after liquidation. But what is sure is that when a company is faced with the problem of bankruptcy. The most companies at this point would like outright sell of the company. Because at this time money to finance the business become an issue..

 

[Wisdom01]

I would not know the process of sharing the company asset after liquidation. But what is sure is that when a company is faced with the problem of bankruptcy. The most companies at this point would like outright sell of the company. Because at this time money to finance the business become an issue..

I think after a company's liquidation, the remaining assets are sold to pay off any outstanding debts and liabilities. The remaining funds are then distributed among the shareholders or owners based on their share of ownership.

 

[a_jerobon]

I don't think I would be willing to sell my business which is successful, unless some other circumstance forces me. I know the importance of having several streams of income and investment. So I will keep running the business or hire someone to do the job while I micromanage, I can never let go of a good income source easily.

 

[holie]

I don't think I would be willing to sell my business which is successful, unless some other circumstance forces me. I know the importance of having several streams of income and investment. So I will keep running the business or hire someone to do the job while I micromanage, I can never let go of a good income source easily.

That has been the thought of majority of people. But there arise some circumstances that could make someone to sell off their business. These could include selling off due to relocation or some other serious issues..

 

[Wisdom01]

I don't think I would be willing to sell my business which is successful, unless some other circumstance forces me. I know the importance of having several streams of income and investment. So I will keep running the business or hire someone to do the job while I micromanage, I can never let go of a good income source easily.

i think it's a common sentiment among entrepreneurs to hold on to successful businesses as they provide a stable income source and a sense of accomplishment. It's important to have multiple sources of income and investments,

 

[holie]

i think it's a common sentiment among entrepreneurs to hold on to successful businesses as they provide a stable income source and a sense of accomplishment. It's important to have multiple sources of income and investments,

It could actually be counterproductive to sell a business you have taken time and energy to build to a profitable stage and sell it off. Personally I would not like selling my company or a business I have managed to build for many years no matter the offer I would receive for it..

 

[Wisdom01]

It could actually be counterproductive to sell a business you have taken time and energy to build to a profitable stage and sell it off. Personally I would not like selling my company or a business I have managed to build for many years no matter the offer I would receive for it..

Definitely Selling a business can be a difficult decision to make as it involves parting ways with something that you have worked hard to build and grow. I think there are situations where it may make sense to sell a business, such as when the owner wants to retire or pursue other business opportunities

 

[holie]

Definitely Selling a business can be a difficult decision to make as it involves parting ways with something that you have worked hard to build and grow. I think there are situations where it may make sense to sell a business, such as when the owner wants to retire or pursue other business opportunities

It is also disheartening for anyone to sell off his successful business. So many reasons would make someone to sell his business. It could be as a result of relocation or he is pressed for urgent money he needs to solve some pressing needs..

 

[Wisdom01]

It is also disheartening for anyone to sell off his successful business. So many reasons would make someone to sell his business. It could be as a result of relocation or he is pressed for urgent money he needs to solve some pressing needs..

i think While reasons such as relocation or financial needs can be factors, other reasons could include wanting to retire or pursue new opportunities. It's important for someone to carefully consider their motivations for selling and ensure they have thoroughly evaluated the potential consequences

 

[Kunlee1]

Before you plan to sell your business, you must consider the people who have shares in your company, that is the shareholders. The decision must be a collective one but if I'm the sole owner then I can decide to sell off my company if I have made enough profit from it and I wish to retire, not when I have other profitable businesses.

 

[holie]

i think While reasons such as relocation or financial needs can be factors, other reasons could include wanting to retire or pursue new opportunities. It's important for someone to carefully consider their motivations for selling and ensure they have thoroughly evaluated the potential consequences

Most times life can be so unfortunate for some people and they fall victim of bankruptcy. In such situations they have no other options than to offer their business for sale. But when a business is running in profit, there is no reason to sell them off..

 

[Niftyicon]

It might not be so easy to sell off a business you painstakingly built from the ground especially when it is profitable, even when it is not, there would still be some reluctance. However, a change in line of business or even being fed up with one can cause a sell off.

 

[kayode10]

My business would have attend the level of making seven figures before I can decided to sell it and reinvest that money back to make more or to create more business. But a lot of people don't wait until that point before they send up their business.

 

[Wisdom01]

It might not be so easy to sell off a business you painstakingly built from the ground especially when it is profitable, even when it is not, there would still be some reluctance. However, a change in line of business or even being fed up with one can cause a sell off.

definitely selling off a business can also be influenced by market trends, economic challenges, regulatory changes, and other external factors that affect business operations and profitability. The decision to sell a business should be well-informed and considerate of the long-term impact on the owner, employees, customers, and the broader business community.

 

[holie]

It might not be so easy to sell off a business you painstakingly built from the ground especially when it is profitable, even when it is not, there would still be some reluctance. However, a change in line of business or even being fed up with one can cause a sell off.

I can see some reasons why some people would like to sell off a business even when they are profitable. One of such reason might be to relocation issue. There are cases when people are traveling and hope of coming back is slim. They might just sell off the business..

 

[magnus2022]

I don't think is right to sale off a booming business except you are desperate to change niche. I can't sell a business that's thriving. I can partnership with other entrepreneurs. I can only consider option of selling if i see i can't handle the business due to personal reason or health issue. Even if i see a better prospect, i will source fund to kickstart the new business.

 

[holie]

I don't think is right to sale off a booming business except you are desperate to change niche. I can't sell a business that's thriving. I can partnership with other entrepreneurs. I can only consider option of selling if i see i can't handle the business due to personal reason or health issue. Even if i see a better prospect, i will source fund to kickstart the new business.

I would say that people have different motives for selling their profitable business. Selling at the peak means they are going to make more money than selling when the business is facing bankruptcy. Several reasons and factors would activate this sale...

 

[Wisdom01]

It might not be so easy to sell off a business you painstakingly built from the ground especially when it is profitable, even when it is not, there would still be some reluctance. However, a change in line of business or even being fed up with one can cause a sell off.

is true that for many small business owners, selling their business can be a difficult decision, especially if they have invested a lot of time and capital into building it. However, there are many circumstances under which a business owner may choose to sell their business, such as retirement, a change in personal circumstances, or a desire to pursue a different venture.

 

[kayode10]

I would like to sell off my business once I'm able to make it figures from it consistently for like 5 years. Then I would like to flip it for at least nine figures use part of the money to start a new business and go on vacation.