Exit Planning Strategies
Selling a Videoconferencing Equipment and Systems Business
Your videoconferencing equipment and systems business is a tangible reminder of the passion and dedication you've invested in your entrepreneurial career. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
There is no simple way to sell a business. But the most prepared videoconferencing equipment and systems business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Current Market Conditions
No one plans to sell a videoconferencing equipment and systems business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. Despite the risks, sellers need to be cognizant of the fact that there is a large volume of videoconferencing equipment and systems businesses waiting to be listed until the economy rebounds. When that happens, the buyers' market will become even stronger and have a negative impact on prices. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your videoconferencing equipment and systems business as attractive as possible so to buyers right now.
Team-Based Negotiation Strategies
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your videoconferencing equipment and systems business, your business brokers may or may not be willing to conduct negotiations for you. But although you will responsible for negotiating terms with buyers, you should never approach negotiations without support. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
How Much Does It Cost to Sell a videoconferencing equipment and systems business?
You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your videoconferencing equipment and systems business. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a videoconferencing equipment and systems 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.
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