Business Exits By Industry
Selling a Clerical Employment Agencies Business
The business-for-sale marketplace has experienced no shortage of uncertainty over the past several years. But clerical employment agencies businesses haven't heard the news and are reporting steady action on the business-for-sale market.
Dire economic forecasts have forced many clerical employment agencies business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
If you're looking for a reason to wait to put your business on the market, you'll find it. Selling a clerical employment agencies business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Legal Considerations
There is no way around the requirement to hire professional legal assistance when you sell your clerical employment agencies business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Dealing with Tire Kickers
Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Your business broker can offer insights about how to quickly spot tire kickers. Never provide detailed information about your clerical employment agencies business until the prospect has been qualified as a serious buyer.
Understanding Market Timing
Now may be the best time to sell a clerical employment agencies business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on clerical employment agencies 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.
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