February 26, 2020  
 
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Selling an Pediatrics Emergency and Critical Care Practice

We hear from a lot of business owners who are timid about listing their pediatrics emergency and critical care practice. Despite the mood of the market, we think there are still opportunities to receive a good price for your pediatrics emergency and critical care practice. Here's what you need to know . . .

In a down economy, many pediatrics emergency and critical care practice sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of pediatrics emergency and critical care practices that are actually for sale.
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Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a pediatrics emergency and critical care practice.

Negotiation 101

There's no room for error when you negotiate the sale ofan pediatrics emergency and critical care practice. More often than not, the person with the most knowledge will come out on top in an pediatrics emergency and critical care practice 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. If you aren't sure what you need, put negotiations on hold until you gain a clearer understanding of your own deal parameters.

Advantages of Hiring a Broker

A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Even more, the best brokers have a track of record of discreetly identifying likely buyers and contacting them on your behalf. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.

What to Expect in an Pediatrics Emergency & Critical Care Practice Sale

The sale of an pediatrics emergency and critical care practice can be a rollercoaster of emotions. One minute you'll be elated at the possibility of moving on the next stage of your life and the next minute you'll be nostalgic about the memories of your time at the helm of your business. The emotions of a sale are complicated by the fact that it may take time to locate the right buyer and the final sale price may be less than you think your pediatrics emergency and critical care practice is worth. You can prepare yourself by talking through your emotions with friends and family members, and thoroughly evaluating your minimum requirements before you put your pediatrics emergency and critical care practice on the market.

More Exit Planning Articles

Given your interest in exit planning and in pediatrics emergency and critical care practices, you might find these additional resources to be of interest.

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