Business Exits By Industry
Selling a Cell Phones Plans Providers Business
It's a misconception that no one is buying cell phones plans providers businesses these days. Savvy entrepreneurs see cell phones plans providers business opportunities as a path to short-term profits and long-term growth. Here's what you need to know to get a fair price for your company.
The economy isn't the only thing that is uncertain these days. So are cell phones plans providers business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a cell phones plans providers business.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a cell phones plans providers business without outside assistance. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. The benefit of soliciting outside assistance early is that seemingly small decisions now can have big consequences later. By consulting professionals throughout the sale of your cell phones plans providers business, you can avoid painful tax and legal complications both before and after closing.
Dealing with Your Emotions
Coping with the emotions of a business sale can be difficult, even under the best of circumstances. You probably have good reasons for selling your cell phones plans providers business now, but that doesn't make the emotions you will experience any easier. It's important to allow yourself time to process your emotions during your exit. 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.
Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.
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