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One Minute Quiz for Business Owner's Only

Guest post by: Ted Burbank

Article Overview: This One Minute Quiz for Business Owners Only will provide answers and insight into the most important question every business owner must answer in order to maximize and obtain the wealth locked in their business.

One Minute Quiz for Business Owner's Only

Attention Business owners!



STOP what you’re doing and take this short quiz. Your answers may lead you to make life changing decisions. Changes that not only could improve your quality of life but improve your financial well being also.

.

A One Minute Quiz

for Business Owners Only

Count your number of Yes answers

1. Is your business less enjoyable now than before?	Y N
2. Does your business challenge and excite you less than earlier?	Y N
3. Do you think of selling your business more often now than you did previously?	Y N
4. Do you find yourself complaining more lately?	Y N
5. Has the business come between you and your loved ones?	Y N
6. Has your business begun to level off or decline?	Y N
7. Are you concerned you no longer have the stamina your business requires?	Y N
8. Do you wonder what you would do if you sold the business?	Y N
9. Do you often wonder "What is my business really worth?"	Y N
10. Would you be hesitant to personally guarantee a sizable loan in order to grow your business?	Y N

NUMBER OF YES ANSWERS

0 -3 Yes	Congratulations! You are happy and probably quite prosperous in your business. Keep it up.
4-6 Yes	Pay attention to your "early warning" signals!" It is best not to make the mistake of staying too long! Go out on top. Sell while you are still having fun. Best to start the planning process early. The actual sale process can take a long time.
7-10 Yes	Don't let time spoil the fruits of your labor. Most great men and women in history have had more than one career. It is time for you to decide that you want a change. Choose what you want to do next, and then act.

If you have five or more Yes answers it would be wise to begin the READY step in developing your Wealth Building Exit Strategy. You are NOT deciding to sell by initiating this step, rather, you are assuring you have an opportunity to build and preserve the personal wealth your business represents. To begin preparing yourself and your business for the company’s inevitable sale is the single most important factor impacting your ability to Maximize and Preserve the wealth locked in your business. Your timely decision “to do something” will be one of the most important business decisions you will ever make.

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Home > Buying-A-Business > Ted Burbank > One Minute Quiz for Business Owners Only

Article Tags: business owner, business owners, exit strategies, minute quiz, succession planning, wealth building

About the Author: Ted Burbank RSS for Ted's articles - Visit Ted's website Mr. Burbank is President of Lighthouse Financial, LLC and Parker-Nelson Publishing. Since 1979 he and his associates have participated in more than 2,000 business transfers. He is the author of nine books and six software programs related to Buying, Selling. Valuing, Investigating and Financing a private business. His latest work is "Are You Creating Wealth or Just making Money?" - Wealth creating Exit Strategies for owners of small businesses. He has recently established a nationwide network of brokers and intermediaries who follow the Business Selling System principles as the "Franchise Re-Sale Network." He has conducted seminars on business sale and succession issues for trade and professional organizations in this country, Canada and abroad. Ted is available for private assignments and consultation. He can be reached at 1- 888 556-8118 or by Email tedburbank@comcast.net Click here to visit Ted's website More from Ted Burbank You Cant Be Fired But Neither Can You Quit One Minute Quiz for Business Owners Only Improve chances of success when buying or selling a business Are You an Entrpreneur Sell a business in a down economy

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