Business Exit Planning
Selling a Mountain Bike Off Road Trails Business
We hear from a lot of business owners who are timid about listing their mountain bike off road trails business. Despite the mood of the market, we think there are still opportunities to receive a good price for your mountain bike off road trails business. Here's what you need to know . . .
If you listen to many entrepreneurs, there never seems to be a good time to put a small business on the market.
If your exit strategy involves selling a mountain bike off road trails business in this environment, you need to apply the right combination of preparation, strategy and common sense.
What to Expect in a Mountain Bike Off Road Trails Business Sale
Prepare yourself to feel a broad range of emotions when you sell a mountain bike off road trails business. From hopefulness to remorse, it's all part of exiting of your company. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a mountain bike off road trails business sale by setting realistic expectations before you list your business.
Sale Costs
You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your mountain bike off road trails business. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of a mountain bike off road trails business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Negotiation 101
There's no room for error when you negotiate the sale ofa mountain bike off road trails business. More often than not, the person with the most knowledge will come out on top in a mountain bike off road trails business negotiation. But before you can negotiate effectively, you need to have a clear sense of your minimum sale requirements. If you lack clarity about your goals, you're guaranteed to fall short of achieving of them. If you aren't sure what you need, put negotiations on hold until you gain a clearer understanding of your own deal parameters.
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