Niche Exit Planning Tactics
Selling a Wellpoint and Dewatering Systems Business
A lot can go wrong during the sale of a wellpoint and dewatering systems business in today's economy. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.
It takes dedication to sell a wellpoint and dewatering systems business under the best of circumstances. In the current market, you'll need to redouble your efforts and get serious about convincing prospects that your company is a good investment.
Nothing lasts forever and you will ultimately be faced with the task of selling your company. As a consequence, you have a substantial stake in knowing how to receive maximum price for your wellpoint and dewatering systems business.
Timing the Market
Now may be the best time to sell a wellpoint and dewatering systems business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on wellpoint and dewatering systems businesses. When the economy recovers there will be more wellpoint and dewatering systems business buyers on the market, but higher interest rates could present challenges. Market conditions can be intimidating. But your larger concern should be whether or not your business is ready to be presented to qualified sale prospects.
Buyer Identification
It's difficult to predict where the buyer of your wellpoint and dewatering systems business will come from. Avoid pigeon-holing your search to a single buyer category. Many sellers achieve success by listing their wellpoint and dewatering systems businesses in multiple channels. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a wellpoint and dewatering systems business without outside assistance. Although it's wise to recruit a business broker, brokerage isn't your only concern. Other early hires include the professionals you will need to valuate the business, prepare financial statements and navigate legal considerations. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.
Share this article
Additional Resources for Entrepreneurs