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by: Theodore P. Burbank, FCBI,
CBC
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This One Minute Quiz will help you answer the
most difficult question a business owner ever
has to face.
Count your Yes answers to the following
questions and then read the scoring key to see
how you did.
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 you 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 ask yourself "what would I do if I
sold?"
Y N
9. Do you often wonder "What is my business
worth?"
Y N
10. Would you be hesitant to personally
guarantee a sizable loan in order to grow your
business?
Y N
How did you score?
0 -3 Yes's
Congratulations! You are happy and probably
quite prosperous in your business. Keep it up.
4-6 Yes's
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 succession or sale
process can take a long time.
7-10 Yes's
Don't let time spoil the fruits of your
labor. Most great men and women in history have
had more than one career. Time for you to decide
that you want a change. Choose what you want to
do next, then act.
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