Exit Planning Techniques By Market
Selling a Foursquare Gospel Church
Is the economy still a little shaky for a business sale? Sure it is. Yet Foursquare Gospel churches haven't heard the news and are reporting steady action on the business-for-sale market.
Economic data is scary stuff for small business owners. But quarterly data dumps don't impact Foursquare Gospel church sales nearly as much as sale strategy.
A business sale is always a sophisticated transaction and if you aren't prepared for it, your Foursquare Gospel church sale could have an unexpected outcome. To stay on course, you'll need sound strategy and meticulous execution on your side.
Tips for Working with A Business Broker
Brokerage is a mainstay of the business-for-sale marketplace. Brokers routinely work with Foursquare Gospel church owners to achieve desired outcomes and deliver a successful sale as quickly as possible. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your Foursquare Gospel church, your business brokers may or may not be willing to conduct negotiations for you. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
Dealing with Your Emotions
Business sellers sometimes struggle to handle the emotions of a sale. Be prepared to experience everything from elation to remorse during the sale of your business. It's important to allow yourself time to process your emotions during your exit. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.
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