December 3, 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 Business

 

Selling a Computers and Technology Law Attorneys Business

You've learned a lot during your tenure as a computers and technology law attorneys business owner. Before you walk away, you have one more challenge to overcome: A successful and profitable business sale.

Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
(article continues below)

Most computers and technology law attorneys businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.

Average Preparation Time

Preparing a computers and technology law attorneys business sale takes time. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. Since all of this takes time and effort, a computers and technology law attorneys business can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.

Dealing with Buyers

Business sellers sometimes struggle to maintain a positive attitude when dealing with buyers. The questions computers and technology law attorneys business ask during due diligence are designed to alleviate their concerns about the business and should be promptly addressed by the seller. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. If due diligence drags on too long, your broker may need to intervene.

Leveraging Industry Connections

Today's computers and technology law attorneys business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. But industry connections can also be a valuable source of leads. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.

More Exit Planning Articles

Given your interest in exit planning and in computers and technology law attorneys businesses, you might find these additional resources to be of interest.

Marketing a Computers and Technology Law Attorneys Business

Terms of Investment Banking Agreement

Renewing Leases Prior to Selling a Business

Pros and Cons of Using Business Brokers


Conversation Board

Do you have any more tips on how to sell a computers and technology law attorneys business? If so, submit your comments and suggestions so other entrepreneurs can learn from your experience.


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

Hoping to Open a Computers & Technology Law Attorneys Business?

If starting a computers and technology law attorneys business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Computers & Technology Law Attorneys Business

Do You Market Products or Services to Computers & Technology Law Attorneys Businesses?

If you consider computers and technology law attorneys businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Computers and Technology Law Attorneys Businesses

Mailing Lists for Computers and Technology Law Attorneys Businesses

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, try our alphabetical list 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