Optimizing Business Exits
Selling a Reflexology Business
When it's time to sell your reflexology business, your future plans depend on your ability to get the highest possible sales price. Here's how to do it . . .
Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofa reflexology business.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to reflexology businesses that exhibit strong financials and potential for future growth.
Family Issues
Many sellers embarked on their reflexology business 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. The sale of the business will likely result in new family dynamics. Subsequently, selling a reflexology business should allow opportunities for all family members to share their feelings and offer input about the sale process.
Should I Hire a Business Broker?
The decision of whether or not to hire a business broker should never be taken lightly. 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 reflexology business much less painful. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered reflexology business sale.
Buyer Identification
It's difficult to predict where the buyer of your reflexology business will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.
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