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Selling a Chinese Preserved Seeds Business
We hear it all the time: 'This economy is a hostile environment for a business sale.' However, Chinese preserved seeds businesses haven't been deterred. In fact, we think this economy is a ripe environment for a Chinese preserved seeds business sale.
In a down economy, many Chinese preserved seeds business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of Chinese preserved seeds businesses that are actually for sale.
You'll always have an excuse for not putting your business on the market. Selling a Chinese preserved seeds business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Average Timeframes
Hoping for a quick Chinese preserved seeds business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. To adequately prepare your business listing, plan on spending six months to a year prior to listing. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Are You the Right Person to Sell Your Business?
There are benefits and drawbacks to handling the sale of your Chinese preserved seeds business on your own. On the one hand, no one knows your business better than you do. When it comes to earnings potential, asset condition, and other considerations, you are the world's leading expert on your company. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. Business brokers and other third-party consultants bring objectivity to the sale process and give you much-needed insight about buyers' mindsets.
Preparing Your Employees
Business sellers face a dilemma when it comes to their employees. The more people who know that the business is on the market, the riskier the sale becomes. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the Chinese preserved seeds business on the market. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
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