Exit Planning Tips
Selling a Holography Services Business
You've heard the naysayers - now isn't the time to sell a holography services business. But what they don't know is that many entrepreneurs see holography services businesses as a smart business investment.
Like it or not, a holography services business sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. In our experience, a common owner concern is how the sale will affect customers and employees.
Many business owners don't know that holography services businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Leveraging Industry Connections
Today's holography services business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. But industry connections can also be a valuable source of leads. Time and time again, successful holography services business sales emerge from relationships within the industry. The challenge is to leverage industry connections while keeping knowledge of the sale hidden from your competitors. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.
Identifying Serious Buyers
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. It's likely that non-serious buyers will want to know everything about your holography services business during their initial inquires. Avoid releasing details about your holography services business until you have established that they have the financial capacity to make a legitimate offer.
Timing Your holography services business Sale
When is it the right time to sell your holography services business? If you're asking the question, now may be the time to put your business on the market. Opinions are mixed and some consultants are advising holography services business sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the holography services business-for-sale market. With fewer holography services businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
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