Business Exits By Industry
Selling a Computer Programming Instruction Business
It's a misconception that no one is buying computer programming instruction businesses these days. Savvy entrepreneurs see computer programming instruction business opportunities as a path to short-term profits and long-term growth. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
The decision to sell a computer programming instruction business is never easy. In our experience, a common owner concern is how the sale will affect customers and employees.
Despite the conventional wisdom, we believe current economic conditions are right for selling a computer programming instruction business. With the right information and strategy, you could be well on your way to a successful sale
Team-Based Negotiation Strategies
Even if you hire a business broker to facilitate the sale of your computer programming instruction business, it's likely that you will be the front line negotiator. But although you will responsible for negotiating terms with buyers, you should never approach negotiations without support. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
Laying the Groundwork
In addition to improving profitability and market share, planning the sale of your business will require you to think about how you will present your company to buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Financial statements, appraisals, operations manuals and other documents lay the foundation for your computer programming instruction business sale, creating incentives for prospects to agree to a higher asking price.
Working with a Professional Accountant
Accountants lay the financial groundwork for a business sale. Most computer programming instruction business have significant tax consequences requiring the input of a qualified accountant. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
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