Niche Exit Planning Strategies
Selling a Dockboards and Ramps Business
Most businesses are susceptible to economic conditions and dockboards and ramps businesses are no exception. But in some cases, a down economy can actually improve saleability. All it takes is a strategy to identify solid prospects and convert them to buyers.
Are most buyers timid about buying a dockboards and ramps business in today's economic environment? You bet.
Many dockboards and ramps business sellers fail to receive fair market value for their businesses. That's unfortunate because all it takes to get a fair price in today's market is ample planning and an awareness of what's important to buyers.
Sweetening the Deal
Like it or not, prospective buyers are going to ask you to make certain concessions in the sale of your dockboards and ramps business. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young dockboards and ramps business owner, they can be critical launching points for their ownership journey.
Selecting a Broker
Good business brokers inevitably produce better business sales. No two dockboards and ramps business sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. The chemistry you have with your broker is a consideration. If you don't connect with a specific broker, move on to someone else - even if the first broker looks great on paper.
Dealing with Your Emotions
There is no easy way to say goodbye to your business. Although you might think you're ready to exit your business, selling and separating from a dockboards and ramps business scan stir up a range of emotions. It's important to allow yourself time to process your emotions during your exit. 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.
Share this article
Additional Resources for Entrepreneurs