November 22, 2019  
 
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Selling a Company

 

Selling a Lighting Equipment and Systems Wholesale and Manufacturers Business

Your lighting equipment and systems wholesale and manufacturers business is a tangible reminder of the passion and dedication you've invested in your entrepreneurial career. 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.

Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
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The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a lighting equipment and systems wholesale and manufacturers business sale. The key is to go into the sale with your eyes open and with complete awareness of market condition.

Emotional Considerations

Prepare yourself to feel a broad range of emotions when you sell a lighting equipment and systems wholesale and manufacturers business. From hopefulness to remorse, it's all part of exiting of your company. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a lighting equipment and systems wholesale and manufacturers business sale by setting realistic expectations before you list your business.

The Case for Confidentiality

Highly publicized lighting equipment and systems wholesale and manufacturers business sales are risky lighting equipment and systems wholesale and manufacturers businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.

Sale Costs

In a lighting equipment and systems wholesale and manufacturers business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.

More Info on Business Transitions and Related Articles

Ready to learn more? You may find these additional resources to be of interest.

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Why Most Businesses Do Not Have Exit Plans

Role of Location In Selling a Business

How To Choose An Investment Banker


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