Business Exit Planning
Selling a Metal Sculptures 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 metal sculptures business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
You won't find any magic formulas for selling a metal sculptures business, especially while the market is struggling to overcome the perceptions created by a down economy.
Undaunted by economic conditions, many metal sculptures business sellers are achieving their sale goals through deliberate sale strategies.
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your metal sculptures business. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Once your expectations are in the ballpark, you can move on to making your business presentable to prospective buyers.
Sweetening the Deal
Today's metal sculptures business buyers expect sellers to offer concessions to persuade them to close the deal. But don't limit your view of concessions to financial incentives. In fact, many concessions have little or no financial impact, but go a long way toward making the deal more palatable to young entrepreneurs. A limited amount of training and mentoring may seem inconsequential to you, but to a young metal sculptures business owner, they can be critical launching points for their ownership journey.
Broker vs. No Broker
When selling a metal sculptures business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. 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 metal sculptures business 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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