September 26, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Volunteer Services Business

No one said selling your business in a depressed economy would be easy. Fortunately, a volunteer services business sale isn't as scary as it seems.

Dire economic forecasts have forced many volunteer services business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
(article continues below)

Qualified buyers are constantly looking for attractive volunteer services businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.

The Emotions of a Business Sale

Business sellers sometimes struggle to handle the emotions of a sale. You probably have good reasons for selling your volunteer services business now, but that doesn't make the emotions you will experience any easier. Instead of feeling guilty about your emotions, take the time to process them with a mentor or friend. 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.

Maximizing Sales Price

There are no simple ways to sell a volunteer services business. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their volunteer services businesses.

Negotiating Your Sale

There's no room for error when you negotiate the sale ofa volunteer services business. Information is the key to a great volunteer services business negotiation. But before you can negotiate effectively, you need to have a clear sense of your minimum sale requirements. If you lack clarity about your goals, you're guaranteed to fall short of achieving of them. A negotiating strategy is essential because it not only establishes parameters, but also creates a plan for overcoming buyer objections and impasses.

More Info on Business Transitions and Related Articles

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

Marketing a Volunteer Services Business

Selling to Competitors


Conversation Board

Want to continue the discussion about how to sell a volunteer services business? If you have firsthand knowledge about exit planning issues and challenges, we invite you to submit your comments. Questions are also encouraged!


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Need Information on Starting a Volunteer Services Business?

If starting a volunteer services business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Volunteer Services Business

Do You Market Products or Services to Volunteer Services Businesses?

If you want information on how to sell to volunteer services businesses, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Volunteer Services Businesses

Mailing Lists for Volunteer Services Businesses

More Business Transfer Information

If you are eager to get business succession tips for a different industry, please browse our alphabetical directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary