Posts Tagged ‘selling your business’
How to Build Trust and Address Employee Concerns in a Business Sale Transition
When selling your business, you may feel a mix of seemingly conflicting emotions: exuberance and anxiety, happiness and sadness. So imagine what your employees might feel when they hear about the sale. The fear, uncertainty, and anxiety felt by employees can disrupt your workplace or even derail you from selling your business altogether. However, you…
Read MoreHow to Sell Your Business Successfully — Key Lessons and Insights
All small businesses eventually change hands in some way, shape, or form. In light of the fact that the percentage of businesses that sell successfully hovers around 30%, you might think it prudent to learn the key lessons to selling your business successfully — and avoid how your business might change hands otherwise. Despite certain…
Read MoreSeller’s Remorse: Coping With Second Thoughts After a Sale
There’s a reason many business owners refer to their companies as their “babies.” Building a business from the ground up, running it, and turning it into a success can create emotions similar to those of a proud parent. It’s therefore perfectly normal if you feel a bit of remorse after selling your business. You might…
Read MoreThe Role of Business Brokers in a Sale
If you’re considering selling your business, think about bringing business brokers on board early to help you land a successful deal fast and at the price you want. Selling your business can be more complex than you might think. Business brokers bring invaluable experience and deep knowledge to guide you smoothly through the sale of…
Read MorePreparing for a Veterinary Practice for Sale: Client Retention Strategies
If you’re preparing to sell your veterinary practice, there’s a lot to consider. You should have your financials in order, ensure your premises are attractive and well-maintained, and take a close look at your client base. An extensive, loyal client base is an essential part of drawing any potential buyer’s eye, but that buyer will…
Read MoreNavigating Lease Transfers: Real Estate Considerations in a Sale
Unless you own the space where your business operates, you probably have a commercial lease. Assuming your landlord is reasonable, a commercial lease won’t have a significant impact on your daily operations. However, if you’re selling your business, you will need to determine how to transfer your lease to your buyer. This is a process…
Read MoreSelling a Family-Owned Business: Unique Challenges and Opportunities
Few things bring you the same kind of pride that a family business does. However, whether you founded the company or inherited it, the time might come when selling your business is the best option. However, the fact that selling your family business is the best option doesn’t mean it’s an easy one. This kind…
Read MorePreparing for and Overcoming Objections in a Business Sale
When selling your business, few outcomes are more frustrating than when a buyer you connect with decides that they don’t want to proceed. Maybe they feel your price is too high or that it’s not the right time to buy. You might not always be able to help a potential buyer overcome an objection, but…
Read MoreProven Tax Implications of Selling Your Business
Whether you’re planning to retire or getting ready to move on to a new business venture, selling your business is an exciting prospect. And while it’s possible to make a significant profit, selling a business also comes with serious tax implications. Here’s a look at some of those implications and how to minimize them. Capital…
Read MoreLeveraging Social Media Marketing — Your Business for Sale
There are nearly five billion social media users in the world. Though many believe that social media platforms are strictly for entertainment, many go to these platforms to search for their next purchase, including business investors. Still, with such a vast array of audiences, it can be challenging for business leaders to know how to…
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