Exit Planning Strategies
Selling a Video Games Wholesale and Manufacturers Business
We hear from a lot of business owners who are timid about listing their video games wholesale and manufacturers business. Despite the mood of the market, we think there are still opportunities to receive a good price for your video games wholesale and manufacturers business. Here's what you need to know . . .
You won't find any magic formulas for selling a video games wholesale and manufacturers business, especially while the market is struggling to overcome the perceptions created by a down economy.
Growth-minded entrepreneurs also find an appealing video games wholesale and manufacturers business hard to pass up. Financial statements and ROI are essential in converting modern video games wholesale and manufacturers business prospects into buyers.
The Emotions of a Business Sale
Business sellers sometimes struggle to handle the emotions of a sale. You probably have good reasons for selling your video games wholesale and manufacturers business now, but that doesn't make the emotions you will experience any easier. It's important to allow yourself time to process your emotions during your exit. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.
Broker vs. No Broker
When selling a video games wholesale and manufacturers business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your video games wholesale and manufacturers business sits on the market. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your video games wholesale and manufacturers business on BizBuySell.com and other popular online business-for-sale listing sites.
When to End Negotiations
Negotiations have a way of dragging on forever. But sooner or later, someone needs to bring negotiations to a close. Unfortunately, that responsibility often falls on the seller. A lull in negotiations may be part of the buyer's strategy. Then again, it may be a sign that the search for common ground is a lost cause. At this point in the process, an awareness of negotiation parameters really pays off. If the buyer is unwilling to accept your minimum demands, it's time to end negotiations and move on to the next prospect.
Share this article
Additional Resources for Entrepreneurs