Exit Planning Tips
Selling a Hawaiian Cultural Consultants Business
Your Hawaiian cultural consultants business has been good to you. The next step is to position your business for the demands of the business-for-sale marketplace.
Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofa Hawaiian cultural consultants business.
It may require a little finesse, but if you're prepared to take the next step in your entrepreneurial career then it's time to brave the Hawaiian cultural consultants business market and locate potential buyers ASAP.
Should I Hire a Business Broker?
When selling a Hawaiian cultural consultants business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your Hawaiian cultural consultants business sits on the market. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your Hawaiian cultural consultants business on BizBuySell.com and other popular online business-for-sale listing sites.
Timing the Market
Now may be the best time to sell a Hawaiian cultural consultants business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on Hawaiian cultural consultants businesses. Sooner or later, rates will rise, increasing the risk for prospective buyers of Hawaiian cultural consultants businesses. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
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