Optimizing Business Exits
Selling a Ready and Custom Made Slip Covers Business
You've heard the naysayers - now isn't the time to sell a ready and custom made slip covers business. But what they don't know is that many entrepreneurs see ready and custom made slip covers businesses as a smart business investment.
In a down economy, many ready and custom made slip covers business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of ready and custom made slip covers businesses that are actually for sale.
Most ready and custom made slip covers businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Business buyers are in a capital crunch. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy ready and custom made slip covers businesses. As a result, buyers expect sellers to finance a significant portion of the sale. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Are You the Right Person to Sell Your Business?
An unassisted business sale is a double-edged sword. On the one hand, no one knows your business better than you do. When it comes to earnings potential, asset condition, and other considerations, you are the world's leading expert on your company. But your knowledge and personal insights about the ready and custom made slip covers business are also the problem. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the ready and custom made slip covers business to gain an objective sense of fair market value.
What to Expect in a Ready & Custom Made Slip Covers Business Sale
The sale of a ready and custom made slip covers business can be a rollercoaster of emotions. One minute you'll be elated at the possibility of moving on the next stage of your life and the next minute you'll be nostalgic about the memories of your time at the helm of your business. Many sellers experience discouragement during a long sale process. Although it isn't easy, you can mitigate the emotional impact of a ready and custom made slip covers business sale by setting realistic expectations before you list your business.
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