October 29, 2020  
 
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Selling a Leak Detection Services Business

Many business leaders say that now isn't the time to try to sell a leak detection services business. But in reality, now may be the perfect time to sell a leak detection services business.

Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
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Despite the conventional wisdom, we believe current economic conditions are right for selling a leak detection services business. With the right information and strategy, you could be well on your way to a successful sale

Working with a Professional Accountant

Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.

Negotiation 101

There's no room for error when you negotiate the sale ofa leak detection services business. In a leak detection services business sale, knowledge is power -- the more you know about your business and prospective buyers, the easier it is to sway negotiations in your favor. But before you can negotiate effectively, you need to have a clear sense of your minimum sale requirements. If you lack clarity about your goals, you're guaranteed to fall short of achieving of them. Consult with a broker, advisor, or negotiation team to clarify your expectations and devise a negotiation strategy.

Dealing with Your Emotions

Coping with the emotions of a business sale can be difficult, even under the best of circumstances. Although you might think you're ready to exit your business, selling and separating from a leak detection services business scan stir up a range of emotions. We advise sellers to discuss their feelings with family members and close friends before, during and after the sale. 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.

More Exit Planning Articles

Given your interest in exit planning and in leak detection services businesses, you might find these additional resources to be of interest.

Marketing a Leak Detection Services Business

Why Most Businesses Do Not Have Exit Plans


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