Sell a Business Tips
Selling a Skating Equipment and Supplies Wholesale Business
Owning a skating equipment and supplies wholesale business hasn't always been a bed of roses, but it's been worth the effort. The next step is to position your business for the demands of the business-for-sale marketplace.
The economy isn't the only thing that is uncertain these days. So are skating equipment and supplies wholesale business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Too often skating equipment and supplies wholesale business sellers fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
What to Expect in a Skating Equipment & Supplies Wholesale Business Sale
Prepare yourself to feel a broad range of emotions when you sell a skating equipment and supplies wholesale business. From hopefulness to remorse, it's all part of exiting of your company. Many sellers experience discouragement during a long sale process. Although it isn't easy, you can mitigate the emotional impact of a skating equipment and supplies wholesale business sale by setting realistic expectations before you list your business.
Signs You're in Over Your Head
Many skating equipment and supplies wholesale business are tempted to save brokerage fees by selling their businesses on their own. But for every successful unassisted sale, several other skating equipment and supplies wholesale businesses sell below market value or languish on the market for years without attracting the interest of qualified buyers. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. Hire a broker and conduct a professional appraisal ASAP.
Negotiation 101
As a business seller, you have to be at the top of your negotiating game. Information is the key to a great skating equipment and supplies wholesale 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. A negotiating strategy is essential because it not only establishes parameters, but also creates a plan for overcoming buyer objections and impasses.
Share this article
Additional Resources for Entrepreneurs