September 28, 2020  
 
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Selling a Pottery Instruction Business

We hear it all the time: "This economy is a hostile environment for a business sale." However, pottery instruction businesses haven't heard the news and are reporting steady action on the business-for-sale market.

These days, the small and medium-sized business market is more confusing than ever before. Although there are plenty of entrepreneurs who want to buy a pottery instruction business, capital restrictions are holding them back.
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You'll always have an excuse for not putting your business on the market. With hard work and dedication, your pottery instruction business can be sold at or above fair market value right now.

Sweetening the Deal

Today's pottery instruction business buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. In fact, many concessions have little or no financial impact, but go a long way toward making the deal more palatable to young entrepreneurs. A limited amount of training and mentoring may seem inconsequential to you, but to a young pottery instruction business owner, they can be critical launching points for their ownership journey.

Advantages of Hiring a Broker

A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Second, a good business broker is a master at confidentiality locating pottery instruction business sale prospects and guiding sellers through negotiations. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.

Dealing with Your Emotions

Coping with the emotions of a business sale can be difficult, even under the best of circumstances. You probably have good reasons for selling your pottery instruction business now, but that doesn't make the emotions you will experience any easier. Instead of feeling guilty about your emotions, take the time to process them with a mentor or friend. 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 pottery instruction businesses, you might find these additional resources to be of interest.

Marketing a Pottery Instruction Business

Selling Part of a Business


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