November 14, 2019  
 
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Selling a Company

 

Selling a Legal Secretarial School

Many business leaders say that now isn't the time to try to sell a legal secretarial school. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your legal secretarial school on the market.

Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
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Too often legal secretarial school sellers cave under the pressure and settle for a lower sales price than they should. With the right strategy, your sale doesn't have to end that way.

Broker vs. No Broker

When selling a legal secretarial school, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your legal secretarial school much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.

Buyer Identification

Buyers of legal secretarial schools run the gamut. Some are seasoned legal secretarial school veterans interested in expanding their operation or adding a new location. Others are first-time entrepreneurs with a taste for the small business lifestyle. So you'll need to take a diverse approach to identifying prospective buyers. Many sellers achieve success by listing their legal secretarial schools in multiple channels. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.

Emotional Considerations

It's impossible to predict the emotional highs and lows you will experience during the sale of your legal secretarial school. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. You can prepare yourself by talking through your emotions with friends and family members, and thoroughly evaluating your minimum requirements before you put your legal secretarial school on the market.

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We think you may find these additional resources to be of interest.

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