Sell a Business Tips
Selling a Stockbroker School
You've heard the naysayers - now isn't the time to sell a stockbroker school. But what they don't know is that many entrepreneurs see stockbroker schools as a smart business investment.
In a down economy, many stockbroker school sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of stockbroker schools that are actually for sale.
Most stockbroker schools are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Sale Documents
In a stockbroker school sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . The price described in the Letter of Intent may fluctuate based on information that is revealed during due diligence, but the inclusion of new requirements in the final contract could be a deal killer. So after consulting with your broker and attorney, make sure you're comfortable with the terms of the Letter of Intent. If not, everything you do to close the sale of your stockbroker school may be a waste of time.
Preparing Family Members
You're ready to sell your stockbroker school, but is your family prepared for the transition? In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the stockbroker school. Unless everyone is prepared for it, the sale could have a devastating effect on your family. Subsequently, selling a stockbroker school has to include ample communication and shared decision-making.
Team-Based Negotiation Strategies
Even if you hire a business broker to facilitate the sale of your stockbroker school, it's likely that you will be the front line negotiator. 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.
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