Waiting for better economic times to sell your company? That's a common anthem in the small business community.
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You'll always have an excuse for not putting your business on the market. Selling a certified midwife practice isn't easy, but we believe sellers can achieve their goals in any economic environment.
Sale Preparations for Your Certified Midwife Practice
Like it or not, a good business sale takes time. Attractive certified midwife practice sales opportunities leverage a long-term strategy to increase the value of the business to buyers. Even though it may take years to adequately position your certified midwife practice, the amount of preparation you perform will have direct correlation on asking and sale prices. Additionally, you'll need time to compile financials and other information that buyers will expect to receive.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your certified midwife practice's real assets. But you'll need to commission your own appraisal before you put your certified midwife practice on the market to arm yourself with information for the negotiation phase. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. A pre-listing appraisal also gives you the opportunity to document the condition of your certified midwife practice's assets and possible even make repairs or upgrades to increase the total value of the operation.
Selecting a Broker
Good business brokers inevitably produce better business sales. No two certified midwife practice sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling certified midwife practices.
Given your interest in exit planning and in certified midwife practices, you might find these additional resources to be of interest.
If starting a certified midwife practice is on your agenda, these guides will help you get started:
If you consider certified midwife practices to be sales prospects, there's more applicable information for you elsewhere 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 directory of exit planning guides below.