Niche Market Exit Planning Tips
Selling a Blueprinting Business
You've heard the naysayers - now isn't the time to sell a blueprinting business. But what they don't know is that many entrepreneurs see blueprinting businesses as a smart business investment.
If you listen to many entrepreneurs, there never seems to be a good time to put a small business on the market.
In order to market a blueprinting business these days, business sellers may need to apply a combination of incentives and techniques.
Preparing Your Blueprinting Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Profitable blueprinting business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Everything you do to increase market share and profitability has a payoff in the final sale price of your blueprinting business. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
Advantages of Hiring a Broker
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your blueprinting business, your business brokers may or may not be willing to conduct negotiations for you. A solo negotiation is a surefire way to may a tough job even tougher. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
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