Sell a Business Tips
Selling a Sports Advisory Services Business
Planning and execution can dramatically influence the price you receive for your sports advisory services business.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to sports advisory services businesses that exhibit strong financials and potential for future growth.
Understanding Market Timing
Now may be the best time to sell a sports advisory services business. Although the economy is generally struggling, low interest rates make sports advisory services businesses more attractive to entrepreneurs who want to get in the game. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. At Gaebler, we recognize the value of timing the sale of your sports advisory services business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Negotiation Teams
It's not unusual for sports advisory services business sellers to feel overwhelmed when they negotiate the sale of their business. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.
Leveraging Industry Connections
There are a lot of different places to look for sports advisory services business buyers. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. For more targeted lead generation, consider tapping into your network of industry contacts. Time and time again, successful sports advisory services business sales emerge from relationships within the industry. The challenge is to leverage industry connections while keeping knowledge of the sale hidden from your competitors. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.
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