February 19, 2020  
 
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Selling a School Psychologists Business

A lot can go wrong during the sale of a school psychologists business these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.

Waiting for better economic times to sell your company? That's a common anthem in the small business community.
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But the good news is that there is still demand for school psychologists businesses that present well and offer solid earning potential.

Equipment and Inventory Concerns

It's incumbent on buyers to commission their own appraisal of your school psychologists business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your school psychologists business.

Leveraging Industry Connections

These days, school psychologists business buyers are an extremely diverse group with backgrounds in and outside of the industry. Online business-for-sale databases have value, although they appeal to an exceptionally wide base of prospects. More focused prospects are typically found within industry networks. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.

Average Timeframes

Hoping for a quick school psychologists business sale? You may be disappointed. The amount of time your business will be on the market depends on how aggressively it is priced and marketed. Before you can list your school psychologists business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

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Entrepreneurial Exit Strategies


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