Ten Tips to Selling a Business

Selling a home, an office or a plant is not easy as easy as everyone thinks especially nowadays when everyone is almost strapped for cash. The process could be frustrating; especially if you are a home or business owner who considers having potential buyers inspect every nook of your property an invasion of your privacy. The thought of someone else occupying what you consider as your own kingdom could be so painful that oftentimes, people prefer to have an intermediary or a broker to ensure that the transaction goes smoothly.
If it is your first time to sell a property of your own, your inexperience can greatly affect the whole deal – from pricing to the speed of transaction itself. Getting the services of a third party like a broker would improve your chance of successfully selling your business. Besides, most brokers have a long list of contacts who can …

Selling A Business – Planning Ahead for Success

There is a huge psychological element in selling your business that you need to prepare for.
Selling a business is more than a financial transaction. There is a huge psychological element, too.
There is a psychological element. I think selling a small business is very much like selling a family home.
It’s one thing to sell a house. We can sell houses that we don’t live in, but the home is where we live. If you have lived in it and you’ve raised your family there and you’ve been there 30 years and it’s sheltered you all that time, there’s a psychological element there.
That’s true for businesses as well. And we really ought to recognize that.
It’s tough to detach yourself from the business. I know that when I sold my first business and I was breaking things up and moving it along, you feel like it’s a child.…

Selling A Business – Planning Ahead for Success

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