Selling a Business Advice
Selling an Irrigation Associations Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet irrigation associations businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
When the economy recovers, we expect to see a sudden influx of irrigation associations businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
There are many factors involved with the decision to sell a business. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a irrigation associations business sale. The key is to go into the sale with your eyes open and with complete awareness of market condition.
Promoting an irrigation associations business Sale
Successful irrigation associations 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. There are multiple ways to promote an irrigation associations business sale, many of which require the assistance of a professional business broker.
Team-Based Negotiation Strategies
It's not unusual for irrigation associations business sellers to feel overwhelmed when they negotiate the sale of their business. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. 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 an irrigation associations business?
In an irrigation associations business sale, pricing is based on a number of factors, including the costs incurred during the sale. 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 an irrigation associations business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Have Friends Who Might Like This Article?
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
Additional Resources for Entrepreneurs