November 12, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

How to Sell to a Business

 

Selling a Licensed Psychologists Business

You've invested time, effort, and creativity into building your licensed psychologists business. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.

Dire economic forecasts have forced many licensed psychologists business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
(article continues below)

Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your licensed psychologists business.

Average Timeframes

Hoping for a quick licensed psychologists business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your licensed psychologists business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.

Selling to a Family Member

The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based licensed psychologists business sale can be more complicated than selling to a stranger. If it isn't handled properly, a family sale can quickly create irreparable divisions within your family. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.

Signs You're in Over Your Head

Many licensed psychologists business are tempted to save brokerage fees by selling their businesses on their own. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. Generally, listed businesses should generate interest within a few months. Lack of buyer enthusiasm or persistence indicates that something is wrong. If that occurs, it's time to bring in the professionals to get your sale back on track.

More Exit Planning Articles

Given your interest in exit planning and in licensed psychologists businesses, you might find these additional resources to be of interest.

Marketing a Licensed Psychologists Business

Renewing Leases Prior to Selling a Business

Family Business Exit Plans

What Does a Business Broker Charge?


Conversation Board

Do you have any more tips on how to sell a licensed psychologists business? If so, submit your comments and suggestions so other entrepreneurs can learn from your experience.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open a Licensed Psychologists Business?

If you plan on opening a licensed psychologists business, these guides will help you get started:

Opening a Licensed Psychologists Business

Looking for Licensed Psychologists Business Customers?

If you consider licensed psychologists businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Licensed Psychologists Businesses

Mailing Lists for Licensed Psychologists Businesses

More Information on How to Sell a Niche Company

If you are eager to get business succession tips for a different industry, try our list of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary