Selling Your Business - Are You Ready?
Whether selling all or part of your business the aim will undoubtedly be to maximise the value you realise.
The answer to the question ‘is now the right time to sell?’ depends on your particular circumstances. Transaction activity was down in 2009 as a result of the global financial crisis. However, as over time credit becomes more readily available, confidence returns and buyers and sellers (probably more the latter) adjust to the new value equilibrium, activity will once again pick up. Is this ‘new value equilibrium’ that new? Not really. Just think back to the early 2000s before the market became overheated.
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Selling A Business: Are You Ready?
17/09/10By Eddie Harding, Lead Adviser, ICON Corporate FinanceFor most entrepreneurs the sale of their company is a significant and potentially life changing event. It is also, however, a field in which they have little or no experience. For anyone looking to achieve the most from their exit, here’s a list of ICON’s top tips for optimizing your company’s exit value. 1. Ensure your business processes and records are in good shape well before the transaction process starts. Preparing well before you embark on a sale can save a lot of time and awkward questions during the due diligence stage.2. Appoint professional advisers who have the experience and style that suit you.3. Tidy up any potential shareholder issues before commencing the sale process.4. Be open, honest and straight with prospects. Selling...
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Are You Ready To Sell Your Business?
You've put everything you have into your business and now it's time to sell. Potential buyers won't flock to your business if you simply put up a for sale sign. Selling a business requires a good amount of legwork!
Start Early. Selling a business is typically more difficult to sell than a residential property and may take longer to find a qualified buyer. In most cases, it takes at minimum 6 months - and only if everything is in order. Heavy planning is necessary: get financials ready, figure out what your business is worth, evaluate the selling market, decide if you want to use a broker, determine tax liabilities and work with potential buyers.
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Exit Strategy: Are You Ready To Sell?
We do not mean, are you sick and tired of the Business?
What we mean is, are you and your business positioned for the maximum sale price, offering the best view of a prospective Buyer coming in for a look-see, and can you turn it over with confidence that you are giving the Buyer the best shot at succeeding? That does not mean you are guaranteeing him/her success; but it does mean that you are providing the Buyer with a positive environment, both inside and outside your doors, and a workable foundation for him/her to take over.
For example, who is the face of the business? If you are a micromanager, (or is you are simply a solo operator,) and every sale is due to your sole efforts, every problem is handled solely by you, and the Customers only know your name, when dealing with the company, you could be in trouble. This could mean that anyone coming in behind you could fail before he/she starts, because the company really means very little to the Customers; it is YOU they feel that they deal with, not the ABC Corporation.
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Business And Marketing
Tags: Business, Demand, Effective, Guidance, Income, Informative, Marketing, Method, Package, Product, Professional, Research, Revenue, selling, Service, startup, strategy, Tips, Tools, Value
There is certain knowledge that the home business owner should know in order to build a life time business relationship with the customer, you don’t want to close the customer profile just after one sale. To achieve this, the business owner have to know what they are selling, to whom they are selling, what price the competitors are charging and that is important in closing a sale. A good preparation in a sale process can be divided into 4 categories:
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