February 26, 2020  
 
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Selling a Business

 

Selling a Voice Mail Services Business

Selling a voice mail services business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
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You'll always have an excuse for not putting your business on the market. Any voice mail services business can be sold at any time -- you just need to know how to influence the right buyers.

The Emotions of a Business Sale

Coping with the emotions of a business sale can be difficult, even under the best of circumstances. Although you might think you're ready to exit your business, selling and separating from a voice mail services business scan stir up a range of emotions. We advise sellers to discuss their feelings with family members and close friends before, during and after the sale. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.

Signs You're in Over Your Head

Many voice mail services 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. Generally, listed businesses should generate interest within a few months. Likewise, if buyers seem to express interest but quickly exit when you quote the asking price, it's a sign that your voice mail services business is priced out of the market. The remedy is professional brokerage or a consultation with more experienced sellers.

How to Skillfully Address Buyer Concerns

Buyers can present challenges, especially during the due diligence stage. Due diligence preparation can mitigate the irritation factor, but you should still expect to field numerous buyer concerns before closing. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. If due diligence drags on too long, your broker may need to intervene.

More Exit Planning Articles

Given your interest in exit planning and in voice mail services businesses, you might find these additional resources to be of interest.

Pros and Cons of Using Business Brokers

Marketing a Voice Mail Services Business

Pre-Exit Employee Incentive Programs


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a voice mail services business, we invite you to submit your comments and suggestions.


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