Exit Planning Tips
Selling a Hypnosis and Hypnotherapy School
It's a misconception that no one is buying hypnosis and hypnotherapy schools these days. Savvy entrepreneurs see hypnosis and hypnotherapy school opportunities as a path to short-term profits and long-term growth. Although final sales prices vary, the best sales combine strategy and hard work to achieve desired outcomes.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
Too often hypnosis and hypnotherapy school owners cave under the pressure and settle for a lower sales price than they should. Smart sellers know the value of their companies are prepared to identify buyers who are willing to pay top dollar.
Working with Accountants
Accountants come into play at several stages of the sale process. Most hypnosis and hypnotherapy school 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. In certain instances, it may be appropriate to ask your accountant to vet the financials of prospective buyers, run credit checks or even structure the terms of a seller-financed deal.
Dealing with Tire Kickers
Unfortunately, many of the prospects you will encounter aren't serious buyers. Selling a business is hard enough. You can't afford to waste time on prospects that have no chance of turning their interest into an actual purchase. If you aren't sure what to look for in a serious buyer, ask your broker for advice. Never provide detailed information about your hypnosis and hypnotherapy school until the prospect has been qualified as a serious buyer.
Preparing Family Members
Many sellers embarked on their hypnosis and hypnotherapy school sale without adequately considering the impact it will have on their families. In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the hypnosis and hypnotherapy school. As a seller, you need to be sensitive to your family's feelings about the sale and make an effort to keep them informed about the process. Subsequently, selling a hypnosis and hypnotherapy school has to include ample communication and shared decision-making.
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