3 Reasons Businesses Fail to Sell
While bringing a business broker Boulevard onboard is the first thing you should do when getting ready to sell your business, some business owners consider this to be a waste of time and money. As a result they rely on their instincts which turn up to be guesswork. At So-Cal Business Brokers we have sold many business and we do understand the importance of eliminating guesswork throughout the process. We highly encourage you to hire our team to take over the sale or on supervisory capacities. Away from that, let’s take a quick look at the three reasons why most businesses never sell.
Not leveraging professionals
The first reason is the most obvious one; failing to work with business brokers Boulevard. Most business owners don’t bring in professionals in order to save the about 10 percent commission that is charged. What they fail to understand is that the input of a business broker makes the expense worth every coin. You will actually sell for more when working with a broker than when selling on your own.
When you hire So-Cal Business Brokers, you will not just be leveraging on the expertise of the best business brokers in San Diego but also the expertise of our in-house accountants, financial advisors, transaction attorneys and other professionals. Our job is to make sure we cover every aspect of the sale without ever forcing you to juggle professionals from multiple firms.
Not taking time to get the business ready for sale is the other major reason why most businesses never sell. You cannot get up one morning and list your business for sale. You need first to fix its flaws and try and make it more valuable. Our business broker Boulevard will help with this.
The first thing we do is perform a business valuation. This enables us to understand your business clearly; its strengths and weaknesses. We will help you explore the unexplored opportunities and help fix the fixable flaws. At So-Cal Business Brokers we have sold many businesses that are similar to yours. We know what buyers would be looking for in your type of business.
Overconfidence comes in many ways. It includes business owners feeling their business is priceless and overcommitting to a single buyer. Our job when you hire us is to manage your expectations and let you know when the best deal is on the table. We are an objective third-party that has lots of experience selling businesses that are similar to yours. Leverage on our expertise.
There are many more reasons that keep businesses from selling but the three are the major ones. Give us a call today to learn more. Our team of business brokers Boulevard is always eager to hear from you. Take advantage of our free, no-obligation consultation.