Business Exit Planning
Selling a Meditation Instruction Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your meditation instruction business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
The economy isn't the only thing that is uncertain these days. So are meditation instruction business buyers, many of whom are waiting to pull the trigger on their next acquisition.
There is no simple way to sell a business. But the most prepared meditation instruction business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Selecting a Broker
First-rate business brokers deliver prospects and profits to their clients. In the meditation instruction business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling meditation instruction businesses.
Buyer Concessions
Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Like seller concessions, buyer concessions should be addressed during negotiations, before the preparation of a Letter of Intent.
Laying the Groundwork
Effective meditation instruction business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a meditation instruction business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium meditation instruction business opportunity.
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