Dr. Clemen Chiang’s Essential Question Before Selling Your Business
In today’s fast-paced and ever-changing business world, deciding when and whether to sell your company is a momentous decision for any leader. It’s not just about numbers and deals; it’s about purpose, legacy, and the journey you’ve taken to build something meaningful. This decision can shape your future and the future of the business you’ve nurtured for years.
In a recent Forbes article, “Selling Your Business? 20 Questions To Ask Before Agreeing To A Deal” (2 October 2024), Dr. Clemen Chiang, CEO and Founder of Spiking, along with other prominent members of the Forbes Business Council, offers his perspective on a question that all business leaders should consider before agreeing to sell: “Have I fulfilled my original vision and business mission?”
In the article, Dr. Clemen Chiang stresses the importance of one profound question every leader should consider: “Have I fulfilled my original vision and business mission?” This reflection goes beyond the deal itself, urging leaders to think about whether their initial goals and the purpose behind founding the company have truly been accomplished.
Key Insights:
- Purpose and Vision: Before agreeing to a sale, take a step back and ask if the company has fulfilled the mission you set out to achieve from day one.
- Legacy Matters: Dr. Chiang encourages leaders to think beyond financials. Selling is not just a business decision; it’s about the legacy you’ll leave behind and whether you’ve completed the journey you started.
- Personal Fulfillment: Leaders must reflect on their emotional and personal readiness—have you achieved what you wanted, or is there more you wish to contribute to the business’s future?
By asking this essential question, leaders can ensure that their decision to sell is not only the right business move but also aligned with their personal mission and vision.
For a deeper dive into these insights and more from industry leaders, read the full Forbes article below.
👉 Read the full article on Forbes: https://www.forbes.com/councils/forbesbusinesscouncil/2024/10/02/selling-your-business-20-questions-to-ask-before-agreeing-to-a-deal/