March 31, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Broadcasting School

There's a right way and a wrong way to sell a broadcasting school these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.

We're seeing a high volume of shadow inventory in the business-for-sale market.
(article continues below)

To sell a broadcasting school now, you need to apply the right combination of preparation, strategy and common sense.

Preparing Family Members

Since your business was a family affair, your family members should also be involved in its sale Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. Unless everyone is prepared for it, the sale could have a devastating effect on your family. Subsequently, selling a broadcasting school has to include ample communication and shared decision-making.

Seller Concessions

In the current marketplace, seller concessions can make the difference between a business sale and a broadcasting school that languishes on the market for months or even years. The most common seller concession is seller financing. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. As an alternative, clearly state that seller financing is not an option and consider offering other concessions to see the sale through to its completion.

Signs You're in Over Your Head

Many broadcasting school are tempted to save brokerage fees by selling their businesses on their own. But for every successful unassisted sale, several other broadcasting schools sell below market value or languish on the market for years without attracting the interest of qualified buyers. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in broadcasting schools, you might find these additional resources to be of interest.

Marketing a Broadcasting School

Why Hire an Exit Planning Consultant

Pros and Cons of Using Business Brokers

Renewing Leases Prior to Selling a Business


Conversation Board

Want to continue the discussion about how to sell a broadcasting school? If you have firsthand knowledge about exit planning issues and challenges, we invite you to submit your comments. Questions are also encouraged!


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

Need Information on Starting a Broadcasting School?

If starting a broadcasting school is on your agenda, these helpul resources may be just what you've been looking for:

Starting a Broadcasting School

Do You Market Products or Services to Broadcasting Schools?

If you want information on how to sell to broadcasting schools, there's more applicable information for you elsewhere on our site. Try these useful resources instead:

Selling to Broadcasting Schools

Mailing Lists for Broadcasting Schools

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse our directory 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