Selling a Business Advice
Selling an Image and Graphics Printing Business
Is the economy still a little shaky for a business sale? Sure it is. Yet image and graphics printing businesses haven't heard the news and are reporting steady action on the business-for-sale market.
You need to get a good price for your image and graphics printing business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to image and graphics printing businesses that exhibit strong financials and potential for future growth.
What About Market Conditions?
No one plans to sell an image and graphics printing business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. Despite the risks, sellers need to be cognizant of the fact that there is a large volume of image and graphics printing businesses waiting to be listed until the economy rebounds. When that happens, the buyers' market will become even stronger and have a negative impact on prices. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell an image and graphics printing business. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.
The Best Person to Sell Your Image & Graphics Printing Business
An unassisted business sale is a double-edged sword. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your image and graphics printing business in the business-for-sale marketplace. But your knowledge and personal insights about the image and graphics printing business are also the problem. Business owners are subjective and biased about their company's true worth. At a minimum, conduct an independent appraisal of the image and graphics printing business to gain an objective sense of fair market value.
Workforce Concerns
As a business owner, you want to keep you employees informed about your plans; as a seller it's in your best interest to keep your employees in the dark for as long as possible. You're concerned about confidentiality, and rightfully so. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the image and graphics printing business on the market. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
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