May 26, 2020  
 
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Selling a Group Practice Psychologists Business

There's a right way and a wrong way to sell a group practice psychologists business even if the seller has previous business sales experience. We'll tell you how to keep your sale and your future plans on track.

You're optimistic about the economy and so are we. Now the challenge is to convert business buyers who may have a more skeptical outlook.
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A business sale is always a sophisticated transaction and if you aren't prepared for it, your group practice psychologists business sale could have an unexpected outcome. To stay on course, you'll need sound strategy and meticulous execution on your side.

Preparing for What's Next

The decision to sell your group practice psychologists business can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.

Maximizing Sales Price

There are no simple ways to sell a group practice psychologists business. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their group practice psychologists businesses.

Leveraging Seller Concessions

Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.

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