Profitable Niche Market Exit Plans
Selling an Opera Company
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet opera companies continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
Dire economic forecasts have forced many opera company sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
They require careful planning and an intentional strategy that emphasizes your opera company's strengths and meets the needs of the marketplace. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.
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.
Post-Sale Details
As your opera companysale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Promoting an opera company Sale
Successful opera company sales incorporate comprehensive advertising plans. But confidentiality issues are a hurdle you'll need to address before you put your opera company on the market. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing opera company sales while maintaining the confidentiality that is critical to your business.
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