Sell a Business Tips
Selling a Spiritualists Business
You've heard the naysayers - now isn't the time to sell a spiritualists business. But what they don't know is that many entrepreneurs see spiritualists businesses as a smart business investment.
Dire economic forecasts have forced many spiritualists business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
Although it takes hard work and dedication, if it's time to exit your spiritualists business there is a good chance you can sell it for a good price -- even in today's market.
Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy spiritualists businesses. As a result, buyers expect sellers to finance a significant portion of the sale. As you prepare for the sale of your spiritualists business, expect to be asked to finance a substantial part of the sale price.
Advertising Your Sale
Successful spiritualists business sales incorporate comprehensive advertising plans. But if you think advertising your spiritualists business will be the same as running a product promotion, think again. Multiple factors complicate business-for-sale advertising, not the least of which is the fact that you don't want your competition to know that your company is on the market. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. Business brokers are skilled at publicizing spiritualists business sales while maintaining the confidentiality that is critical to your business.
When the Sale Goes Off-Course
Many spiritualists business are tempted to save brokerage fees by selling their businesses on their own. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Likewise, if buyers seem to express interest but quickly exit when you quote the asking price, it's a sign that your spiritualists business is priced out of the market. The remedy is professional brokerage or a consultation with more experienced sellers.
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