Buying​ ​or​ ​selling​ ​a​ ​business​ ​will​ ​probably​ ​be​ ​the​ ​largest​ ​financial​ ​transaction​ ​you ever​ ​take​ ​on

Posted on Posted in Buyer Articles, Buying/Selling Business Advise, Seller Articles

Settling on the right price is crucial for both sides of the transaction. As the
seller, you will have worked hard over years, maybe even decades, and will want to
maximize the amount you receive. As the buyer, you will want to ensure you’re
receiving maximum value for your dollar, and feel reasonably secure in the
eventual profitability of the transaction.

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To accomplish those goals, both parties need to be able to effectively arrive at a
realistic valuation for the business in question. This guide is designed to give you
the basic guidelines and powerful tips to help you do just that, no matter what
unique circumstances are involved.

When and why a business sells

Most advisors recommend formulating an exit strategy before you even start a
business.Buying or selling a business ,business broker, business selling
The exit strategy is a strategic plan for how you will eventually cash out, or
otherwise devolve yourself of ownership since no one person can expect to own
and run a business forever. Understandably, selling it when you have achieved your objectives — financial or otherwise — is the most common strategy
entrepreneurs pursue.

While planning when and how you’ll sell your business years in advance is ideal,
even a successful business may wind up unexpectedly for sale due to other
factors like personal problems (sickness, divorce, or need to relocate) or
disagreements among business partners. You could potentially receive an
unsolicited offer from another company, often a competitor. Or, you might realize
that the current economic climate is good for a seller and decide to take
advantage of it.

Of course, some business opportunities are sold because the owner feels they
are unsuccessful or are likely to become so in the future — but that doesn’t mean
their businesses are worthless. Certainly, even during difficult economic times,
entrepreneurs with cash are in the market to buy. That’s because, in most cases,
businesses have some form of assets, real or otherwise, that will represent value
to the right buyer.Buying or selling a business, business broker, business selling

 

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