Advice on Niche Market Exit Planning
Selling a Time Management Training Business
With the economy struggling to rebound, the shadow inventory of time management training businesses in the business-for-sale marketplace seems to be rising. That could make this the perfect time to list a successful time management training business
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
Despite the overall mood of the marketplace, time management training businesses are still an attractive investment, especially when sellers have invested time and energy in preparing their companies for a sale.
Pre-Sale Checklist
The upfront time you investment in the sale of your time management training business will pay big dividends at closing. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your time management training business's physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your time management training business.
Working with Appraisers
There is no substitute for a qualified appraisal in the sale of your time management training business. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.
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