The Agency Life is glorified and admired by the world over. The fast pace, fun culture and abundance of creativity flowing every day attracts so may to this industry. So why would anyone want to sell their digital marketing agency?
Join Ryan Parshall and Trice Alford in Episode 24 of The Agency Growth Engine Show, we tackle the Top 3 Reasons Agency Owners Sell their business. Tune in and find out the reality and journey of owning an agency with all its glory and downsides both.
But first, here’s a sneak peak…
#3 Agency Owner(s) Retire
Plain and simple, time to call it quits. After a long run at the agency life, they deserve to go out in style and slow down a bit. Retirement and Divorce are usually the #1 reason why business are sold in general. But not with agency owners…read on.
#2 Can’t Grow Anymore
Every business owner has their limits. No matter how hard they try, they can’t seem to get past a certain revenue, head count, or client number. They had what it took to get the agency where it’s at, and have had a good amount of success to hang their hat on. However, most agency owners have to evolve with their agencies growth and sometimes it just reaches its limit.
#1 Burnout/Exhaustion
Often related to #2 above, but burnout can be for many reasons. They never worked into a leadership role and still doing the day-to-day work? Or they don’t enjoy selling and getting new customers? But the reality is that often it’s the business organization and operation of an agency that takes its toll on creative people when they “just wanted to do good work”.
And there it is! Listen as we tell stories about the final stages of owning an agency and all the emotions that go along with selling an agency!
Have you sold an agency? Why did you do it? Please tell us about your journey!
Learn more about Healthy Brands and Sell Your Digital Marketing Agency with a specialist with over 1300 Qualified Agency Buyers on our website.