Business Exits By Industry
Selling a Creative Writers Business
The business-for-sale marketplace has experienced no shortage of uncertainty over the past several years. But creative writers businesses haven't heard the news and are reporting steady action on the business-for-sale market.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
The economy hasn't squashed the market for creative writers businesses. And the ones that are commanding the highest price tags are the ones with sellers who are committed to the sale process.
It's obvious that you're going to need to hire an attorney to finalize the sale of your creative writers business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Before You Sell
There is a lot of work that needs to be done before you're ready to sell your creative writers business. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.
Negotiation Exit Strategy
Negotiations have a way of dragging on forever. Yet eventually many negotiations reach a stage where further discussion is pointless. It's not unusual for a creative writers business sale negotiation to reach an impasse over price or other concessions. At this point in the process, an awareness of negotiation parameters really pays off. If the buyer is unwilling to accept your minimum demands, it's time to end negotiations and move on to the next prospect.
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