Intimidated by a sluggish economy, business buyers are more cautious than ever.
(article continues below)
Despite the conventional wisdom, we believe current economic conditions are right for selling a camcorders business. Here's how to do it . . .
Emotions run high during the sale of a camcorders business. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Working with Appraisers
An experienced appraiser is part and parcel of a successful camcorders business sale. By hiring an appraiser to conduct a thorough appraisal of tangible and non-tangible assets prior to listing, you get a measure of the true worth of your business. Although the appraised value of your business may not be the same as the sales price, you gain valuable insight that can be used to your advantage during negotiations. Following the appraisal, you may choose to delay your sale until you can increase the value of assets and revenue.
As a business seller, you have to be at the top of your negotiating game. In a camcorders business sale, knowledge is power -- the more you know about your business and prospective buyers, the easier it is to sway negotiations in your favor. But before you can negotiate effectively, you need to have a clear sense of your minimum sale requirements. If you lack clarity about your goals, you're guaranteed to fall short of achieving of them. If you aren't sure what you need, put negotiations on hold until you gain a clearer understanding of your own deal parameters.
Given your interest in exit planning and in camcorders businesses, you might find these additional resources to be of interest.
If starting a camcorders business is on your agenda, these helpul resources may be just what you've been looking for:
If you want information on how to sell to camcorders businesses, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:
If you are looking for exit plan advice for a different kind of business, please browse our alphabetical list exit planning guides below.