Exit Planning Techniques By Market
Selling a Fluorescent Lighting Business
Business-for-sale markets are susceptible to a variety of influences. As you know, the fluorescent lighting business market has been exceptionally volatile. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a fluorescent lighting business in the current economic environment.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
Eager to start a lighting business of your own? This article explains how to get started.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to fluorescent lighting businesses that exhibit strong financials and potential for future growth.
How to Increase Sale Price
There are no simple ways to sell a fluorescent lighting business. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their fluorescent lighting businesses.
Preparing Family Members
Many sellers embarked on their fluorescent lighting business sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. The decision to sell a fluorescent lighting business should allow opportunities for all family members to share their feelings and offer input about the sale process.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa fluorescent lighting business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. Using recent fluorescent lighting business sales as its foundation, the market method factors market conditions into the valuation process. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
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