Sell a Business Tips
Selling a Stress Management Psychologists Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet stress management psychologists businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
An assortment of hurdles and obstacles stand between you and the successful sale of your stress management psychologists business.
Despite the conventional wisdom, we believe current economic conditions are right for selling a stress management psychologists business. With the right information and strategy, you could be well on your way to a successful sale
Family Business Sale Tips
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based stress management psychologists business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
Leveraging Industry Connections
Today's stress management psychologists business buyers can be found in a variety of locations. Online business-for-sale databases have value, although they appeal to an exceptionally wide base of prospects. But industry connections can also be a valuable source of leads. Time and time again, successful stress management psychologists 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.
Finding Prospects
Many sellers don't realize how many prospective buyers there are for their businesses. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. Competitors may seem like natural prospects and they are. The downside is that they won't pay top dollar and will probably absorb your company into their own.
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