Business Exits By Industry
Selling a Clinical Psychologists Business
The decision to sell your clinical psychologists business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
We're seeing a high volume of shadow inventory in the business-for-sale market.
The business-for-sale market is extremely dynamic. So if you're waiting for the perfect market conditions to sell your clinical psychologists business, you could be waiting a while. If your business is ready to be sold, the time to sell is now. You just need to know your buyers and structure the deal accordingly.
Business Assets
During due diligence, the buyer will undoubtedly conduct his own appraisal of your clinical psychologists business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A pre-sale appraisal is a prerequisite for because it offers insights about your assets' market value before you initiate conversations with prospective buyers. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.
Realistic Expectations
Emotions run high during the sale of a clinical psychologists 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.
Advantages of Hiring a Broker
Brokers give clinical psychologists business sellers distinct advantages in the marketplace. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Second, a good business broker is a master at confidentiality locating clinical psychologists business sale prospects and guiding sellers through negotiations. Although you will pay a fee for brokerage, it's generally worth it because the end result will be a higher sales prices and more favorable terms.
Share this article
Additional Resources for Entrepreneurs