5 Signs It Might Be Time to Sell Your Business

+ How to prepare before it's too late

Welcome back to another edition of The Wise Exit newsletter. This week, we’re covering: 

  • 5 signs it might be time to sell your business

  • How to pressure-test where you're currently at

  • 3 things you can do this week to get clarity on the process

Let’s get to it.

This Week’s Podcast

How Colin Hodge Sold His Dating App, Bought It Back, and Grew It 10x

Colin Hodge's dating app hit one million users in just three and a half months, with no paid marketing. He sold it to a larger player in Asia and stayed on as their Chief Growth Officer, until the acquirer started chasing a US IPO and the bankers forced a fire sale of his app.

"This is my baby," Colin says. "I thought it was going to be part of the IPO."

A week later, he learned the buyer was a former employee planning to let the app sit and die. So Colin called him up, matched the price, and bought his company back. Then he 10x'd it.

On the latest episode of the Exited Founder Podcast, Colin sits down with Exitwise's Todd Sullivan to share M&A from every side: seller, buyer, and the guy who bought back what he built.

Check out the conversation above!

💡 This Week’s Big Idea

5 Signs It Might Be Time to Sell Your Business

You’ve spent years, sometimes even your entire life, building your company. So, the idea of selling and letting go can feel overwhelming, even when it’s clearly the right move.

After working with founders across every stage of their journey, I’ve learned that most founders already know whether they should sell or not. They often just need someone to help them see it clearly and weigh the pros and cons.

Here are the 5 signs we see most often that signal that it might be time to sell your business:

  1. You're burned out, and it's affecting the business:

Unfortunately, burnout is more common than most founders want to admit. When the exhaustion of running your business starts bleeding into your decisions, team, and ability to lead, that's not just a personal problem. It's a business problem. And waiting until you're completely empty rarely results in a great exit outcome. The most successful exits happen when you still have energy left in the tank, not when you’re running on empty.

  1. Your valuation is at or near its peak:

Timing does matter when selling a company. A lot. If your business is profitable, growing, and operating in a sector that buyers are actively paying premiums for right now, that's a window that might be worth paying attention to. Valuations are often shaped by market conditions just as much as your financials.

  1. Your industry is shifting under your feet:

Rapid changes in your industry, like new technology, competitors, or shifting customer behavior, can erode value fast. Selling into strength is always better than selling into uncertainty. So, if you're watching your market shift, that’s a sign that might be worth taking seriously sooner rather than later.

  1. You've got a vision for what's next, and it needs capital:

Some of the most successful exits we’ve seen were simply about funding what came next. If you've built real equity in your current business and are already thinking about your next chapter, selling can be one of the most powerful tools you have to get there faster.

  1. Your personal goals have outgrown the business:

Life changes, and priorities shift. Whether it's health, family, retirement, or just the desire to spend your time differently, the business you built to create freedom shouldn't become the thing trapping you. We always recommend designing your exit around the life you want, not the other way around.

The decision to sell your business is never simple. But if two or three of these are already hitting close to home, it's probably worth having a conversation sooner than you think.

Reply to this email or reach out to us here, and let's talk through your options.

❓ 5 Key Questions to Ask Yourself This Week

1️⃣ If my business stayed exactly as it is for the next three years, would I be okay with that?

2️⃣ Do I know what my business is worth to a buyer right now, based on current market conditions?

3️⃣ Are there industry or market shifts happening that could reduce my valuation if I wait to start thinking about a sale?

4️⃣ Have I defined what I actually want my life to look like after an exit, both personally and financially?

5️⃣ Am I making key business decisions from a place of energy and clarity, or from a place of exhaustion?

📋 3 Action Items for This Week

☑️ Get a current read on your valuation: Not just what you think it's worth, but what the market would actually pay today. That number is the starting point for every decision that follows. Check out our business valuation services here to learn more.

☑️ Write down the personal goals you want your exit to fund: Whether it's retirement, a new venture, more time with family, or something else entirely, it’s important to get incredibly specific here. A clear vision for what's next makes the decision a lot easier.

☑️ Have an honest conversation with a trusted advisor: Not your lawyer or accountant. Someone who's actually been through this. Because your decision to sell deserves real perspective from someone who understands this world.

That's all for this week.

Remember that the question isn't really, "Should I sell?" It's "Am I willing to look at this honestly?" If the answer is yes, the next step gets a lot clearer.

Reach out to us whenever you’re ready to have that conversation. We're always happy to help you think it through.

Talk next week,

Brian Dukes
Managing Partner at Exitwise

Whenever You're Ready, Here Are 3 Ways We Can Help You:

1. Get a free read on the value of your business

How do you determine what a business is worth? Take the guesswork out of your business's value with our free valuation calculator, based on 1000's of private sales and industry insights:

2. Add an Exited Founder to your M&A team

Search from 100+ Exited Founders on our marketplace and add one to your M&A team to enhance credibility, attract top strategic buyers, and leverage their personal relationships to maximize your exit.™

3. Need help preparing your business for a sale within the next 12-18 months?

If you’re preparing to sell your business within the next 12-18 months, we’ll help you build the right plan and connect you with the right buyers.