Business Exit Planning
Selling a Medical Secretarial School
For the right sellers, the business-for-sale marketplace is a friendly environment for medical secretarial school opportunities. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
When the economy recovers, we expect to see a sudden influx of medical secretarial schools in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your medical secretarial school.
Family Issues
Many sellers embarked on their medical secretarial school sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. Unless everyone is prepared for it, the sale could have a devastating effect on your family. The decision to sell a medical secretarial school has to include ample communication and shared decision-making.
Finding Medical Secretarial School Buyers
It's difficult to predict where the buyer of your medical secretarial school will come from. To cover all your bases, you'll need to conduct a broad buyer search process. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
Broker vs. No Broker
Anyone who has ever sold a medical secretarial school has eventually needed to decide whether to use a business broker or go it alone. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your medical secretarial school much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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