Exit Planning Techniques By Market
Selling a Feng Shui Business
Nervous about selling your feng shui business? You shouldn't be. Our tips will help you get the highest price for your feng shui business, regardless of what's happening with the economy.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a feng shui business.
There is no simple way to sell a business. But the most prepared feng shui business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
The Best Person to Sell Your Feng Shui Business
An unassisted business sale is a double-edged sword. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your feng shui business in the business-for-sale marketplace. The problem is that your passion for your business can also sabotage your sale. Business owners are subjective and biased about their company's true worth. At a minimum, conduct an independent appraisal of the feng shui business to gain an objective sense of fair market value.
Dealing with Your Emotions
Business sellers sometimes struggle to handle the emotions of a sale. You probably have good reasons for selling your feng shui business now, but that doesn't make the emotions you will experience any easier. 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.
Why Confidentiality Matters
Highly publicized feng shui business sales are risky feng shui businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Maintaining confidentiality isn't easy, but without it you won't get top dollar for your business. In a worse case scenario, a profitable feng shui business can be reduced to one that is struggling to survive. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
Share this article
Additional Resources for Entrepreneurs