Business Exits By Industry
Selling a Carbide Metals and Products Business
No one said selling your business in a depressed economy would be easy. Although it's going to take some work, there is a good chance you can still sell your company at or even above fair market value.
The buzz in the marketplace is that now isn't the right time to sell a carbide metals and products business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a carbide metals and products business.
Maximizing Sales Price
There are no simple ways to sell a carbide metals and products business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. So what's the lesson? In most cases, hiring a business broker is one of the best things you can do to maximize sales price.
Understanding Market Timing
Worried about timing? Believe it or not, this could be an advantageous time to put a carbide metals and products business up for sale. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on carbide metals and products businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
When to End Negotiations
Negotiations have a way of dragging on forever. But sooner or later, someone needs to bring negotiations to a close. Unfortunately, that responsibility often falls on the seller. A lull in negotiations may be part of the buyer's strategy. Then again, it may be a sign that the search for common ground is a lost cause. At this point in the process, an awareness of negotiation parameters really pays off. If the buyer is unwilling to accept your minimum demands, it's time to end negotiations and move on to the next prospect.
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