Exit Planning Strategies
Selling a Video and DVD Recorders and Players Retail Business
We hear it all the time: 'This economy is a hostile environment for a business sale.' However, video and DVD recorders and players retail businesses haven't heard the news and are reporting steady action on the business-for-sale market.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a video and DVD recorders and players retail business sale works.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a video and DVD recorders and players retail business.
Team-Based Negotiation Strategies
Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your video and DVD recorders and players retail business, your business brokers may or may not be willing to conduct negotiations for you. A solo negotiation is a surefire way to may a tough job even tougher. 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.
Preparing for What's Next
The decision to sell your video and DVD recorders and players retail business can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Selecting a Broker
A good business broker is your best bet for a fast and profitable business sale. In the video and DVD recorders and players retail business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling video and DVD recorders and players retail businesses.
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