Niche Market Exit Planning Tips
Selling a Behavioral Medicine Psychiatrists and Psychologists Business
Is the economy still a little shaky for a business sale? Sure it is. Yet behavioral medicine psychiatrists and psychologists businesses haven't heard the news and are reporting steady action on the business-for-sale market.
If you plan on selling your behavioral medicine psychiatrists and psychologists business quickly, prepare to be disappointed.
If you're looking for a reason to wait to put your business on the market, you'll find it. Selling a behavioral medicine psychiatrists and psychologists business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Leveraging Industry Connections
Today's behavioral medicine psychiatrists and psychologists business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. But industry connections can also be a valuable source of leads. The downside of industry networks is that it leaves your company vulnerable to exploitation by competitors. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.
Business Valuation
Professional appraisers can use three methods to determine the value ofa behavioral medicine psychiatrists and psychologists business: The income method, the asset method and the market method. Appraisals based on the asset method gauge value as a factor of the company's real property and non-tangible assets; appraisals based on the income method consider the business's anticipated revenue. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. But regardless of the method that is used, it's always in the seller's best interest to increase revenue and asset values prior to a sale.
Current Market Conditions
No one plans to sell a behavioral medicine psychiatrists and psychologists business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. But when the economy fully rebounds, a shadow inventory of behavioral medicine psychiatrists and psychologists businesses will flood the market and drive prices down even further. Like it or not, the time to sell your behavioral medicine psychiatrists and psychologists business may be right now, as long as your willing to adequately prepare your business for the marketplace.
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