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Selling a Copyright and Trademark Services Business
Many business leaders say that now isn't the time to try to sell a copyright and trademark services business. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your copyright and trademark services business on the market.
The economy isn't the only thing that is uncertain these days. So are copyright and trademark services business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Nothing lasts forever and you will ultimately be faced with the task of selling your company. And when that day arrives, you need to know how to sell your copyright and trademark services business in a way that achieves positive outcomes for you and the business.
The Emotions of a Business Sale
There is no easy way to say goodbye to your business. You probably have good reasons for selling your copyright and trademark services business now, but that doesn't make the emotions you will experience any easier. Instead of feeling guilty about your emotions, take the time to process them with a mentor or friend. But since it's important to remain as objective and rational as possible, we also recommend establishing a firm sale strategy and negotiation team to limit the impact of your personal feelings on the sale outcome.
Selecting a Broker
Good business brokers inevitably produce better business sales. In the copyright and trademark services business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling copyright and trademark services businesses.
Seller Concessions
It's becoming more difficult to sell a copyright and trademark services business without considering seller concessions. 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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