Exit Planning Techniques By Market
Selling a Friends Church
A lot can go wrong during the sale of a Friends church these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.
Personal and professional concerns surround the sale of a Friends church. In our experience, a common owner concern is how the sale will affect customers and employees.
Does that mean selling your Friends church will be a piece of cake? No -- but you might be surprised to learn that the Friends churches that are selling these days are finding success though simple, common sense selling strategies.
Handling Unexpected Outcomes
Every business seller dreams of a fast sale and a fat payday. However, no one told the marketplace about your expectations. The outcome of your sale will be determined by market forces - not by your personal circumstances or desires. Despite your best efforts, you need to prepare yourself for the possibility of receiving less than you expected from the sale of your Friends church. If buyers don't seem to be willing to meet your expectations, consult with your broker to modify your strategy and market approach.
Negotiation Teams
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your Friends church, your business brokers may or may not be willing to conduct negotiations for you. A solo negotiation is a surefire way to may a tough job even tougher. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
Sale Preparations for Your Friends Church
Like it or not, a good business sale takes time. Successful Friends church sales opportunities leverage a long-term strategy to increase the value of the business to buyers. Everything you do to increase market share and profitability has a payoff in the final sale price of your Friends church. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.
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