February 16, 2020  
 
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Selling a Company

 

Selling a Sound Engineers Business

Is the economy still a little shaky for a business sale? Sure it is. Yet sound engineers businesses continue to sell at a brisk pace, regardless of the economy.

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
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But the good news is that there is still demand for sound engineers businesses that present well and offer solid earning potential.

Why Confidentiality Matters

Highly publicized sound engineers business sales are risky sound engineers businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. When and if your sale becomes public knowledge, competitors can use that information to weaken your position in the marketplace. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.

Sale Costs

You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your sound engineers business. Although they can significantly increase the final sale price, brokers typically receive a 10% commission. Professional consultations can also represent a significant expense during the course of a sound engineers business sale. Likewise, you'll need to consider how much it will cost to promote the sale as well as the lost time it will take for you and your team to navigate the sale process.

Advertising Your Sale

Successful sound engineers business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. Business brokers are skilled at publicizing sound engineers business sales while maintaining the confidentiality that is critical to your business.

More Exit Planning Articles

Given your interest in exit planning and in sound engineers businesses, you might find these additional resources to be of interest.

What Does a Business Broker Charge?

Marketing a Sound Engineers Business

Pre-Exit Employee Incentive Programs


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