Sell a Business for the Best Price
Selling a Pulpwood Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your pulpwood business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
It's a fact: Successful business sales take time.
You'll always have an excuse for not putting your business on the market. Selling a pulpwood business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Leveraging Industry Connections
Today's pulpwood business buyers can be found in a variety of locations. Online business-for-sale databases have value, although they appeal to an exceptionally wide base of prospects. For more targeted lead generation, consider tapping into your network of industry contacts. Time and time again, successful pulpwood business sales emerge from relationships within the industry. The challenge is to leverage industry connections while keeping knowledge of the sale hidden from your competitors. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.
How to Skillfully Address Buyer Concerns
Buyers can present challenges, especially during the due diligence stage. The questions pulpwood business ask during due diligence are designed to alleviate their concerns about the business and should be promptly addressed by the seller. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. If due diligence drags on too long, your broker may need to intervene.
Many sellers don't realize how many prospective buyers there are for their businesses. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. If you aren't generating interest in the general marketplace, consider approaching companies that sell complementary products or are closely situated in your supply chain.
Have Friends Who Might Like This Article?
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
Additional Resources for Entrepreneurs