Starting and then nurturing a successful business takes a lot of time and effort, but walking away from a business takes some work, too.
Whether it's because it's time to kick back and retire, move on to a new venture or simply cash in, selling a business has its own set of challenges.Between preparing a business for sale, determining the right sale price or understanding tax ramifications, selling a business requires a good exit plan, even if that includes just keeping the place clean for visits by potential buyers.
"It's about education, education, education. You need to be educated on the sale process," said Emmet Apolinario, president of the Ohio Business Brokers Association. "If a seller decides to sell, the first thing I want them to do is find out information on how to sell the business."
But even before a business owner talks to a broker or attorney he has to figure out whether selling the business, and selling it now, is what he wants to do.
"When I first meet with a customer I try to understand 'Why do they want to sell?'" said Apolinario.
The recent recession has changed the approach many owners who have been considering selling their companies have taken.
"People are realizing they may not want to work more hours for the same money," said Apolinario.
Meanwhile, many Baby Boomer owners are inching closer to retirement or may be wanting to sell to perhaps start a second career or business.
A succession plan is another option. Owners may want to hand off their business to a son or daughter or for an employee buyout.
By
Thanks for great information you write it very clean. I am very lucky to get this tips from you.
ReplyDeleteSell my business
I'm Абрам Александр a businessman who was able to revive his dying lumbering business through the help of a God sent lender known as Benjamin Lee the Loan Consultant of Le_Meridian Funding Service. Am resident at Yekaterinburg Екатеринбург. Well are you trying to start a business, settle your debt, expand your existing one, need money to purchase supplies. Have you been having problem trying to secure a Good Credit Facility, I want you to know that Le_Meridian Funding Service. Is the right place for you to resolve all your financial problem because am a living testimony and i can't just keep this to myself when others are looking for a way to be financially lifted.. I want you all to contact this God sent lender using the details as stated in other to be a partaker of this great opportunity Email: lfdsloans@lemeridianfds.com OR WhatsApp/Text +1-989-394-3740.
ReplyDelete