New Years resolution and selling a business
Do you have a New Years resolution to sell a business or buy a business?
Everyone is familiar with the Christmas song, The 12 Days of Christmas. Without going into every verse of the song, the carol works forward with the first day of Christmas being a partridge in a pear tree, the second day of Christmas two turtle doves and so on. The song is full of optimism and hope that the giver and receivers of the gifts will be thankful for life, the opportunity to share and hope for the future.
From researching the origins of the song, I came across something interesting. One of the articles I read suggests the 12 days of Christmas is not about the 12 days prior to Christmas but in fact, the 12 days from Christmas until the beginning of Epiphany which begins on January 06. When I thought further about this, it naturally combined with another favorite thing we do during the Holiday Season and that is to make New Year’s Resolutions.
New Year’s Resolutions are a powerful opportunity as they allow us to do three separate things. First, look back at our experiences of the last year and decide if it’s been a good year and what we could have done differently. Because it puts us in the mood, we also tend to go back and look at more than just the last year but initially the last couple of years and decide whether or not it has been good. Once we start doing that, we obviously look back at our life and decide what we like and what we wish we could do differently.
Our next reflection tends to move to the present where we look at our life and what we now have. We reflect on our family and friends and how important they are to us. We also look at whatever means we use to sustain ourselves and put a roof over our heads, the food on the table, the clothes we wear and the myriad of other things that allow us to live our life.
This then brings us to the final reflection and probably the most exciting and powerful opportunity of all and that is to look ahead and decide what changes we’d like to make to build and enhance our life and our immediate loved ones. This reflection, for obvious reasons, takes us to both our job and what we are currently doing or, if we own a business, how that business is performing. Regardless of whether we have or do not have a job or own a business, it is the time to ask some questions. These questions include whether or not what I am doing is worthwhile and fulfilling, whether it produces the income I need to live the life that I want, what changes I want to make to achieve the personal, financial and emotional goals I’ve set for myself.
So the point of this article is a couple of things. As you embrace the Holiday Season, enjoy it as it is a special time and I wish you nothing but peace and goodwill. If your time allows, sit down and meaningfully decide on your New Year’s resolutions. If your New Year’s resolutions are likely to include either buying or selling a business you may want to consider a thoughtful and logical approach.
If you are thinking of selling your business, click this to get a simple summary of The Many Steps to Sell A Business.
If you would like more information, click this link to buy and download a copy of my book Successfully Sell Your Business.
If you are thinking of buying a business, click this link to get a simple summary of The Many Steps to Buy A Business.
If you would like more information, click this link to buy and download a copy of my book Successfully Buy Your Business.