Business Broker for Online Stores Orange County – What You Must Never Do When Selling

Growing a business from the ground up is no easy task. There are so many ups and downs. If you are disciplined, you might end up giving up. However, now that your business is stable and you are ready to sell, you will have to do a couple of things so that all your years of sacrifice don’t go to waste. The first is to liaise with an experienced business broker for online stores Orange County trusts. The broker has more experience selling businesses like yours. He will guide you through the process. You then need to avoid doing the following.

Handling the process alone

Having grown your online business from the ground to where it is doesn’t mean you are in the best position to sell it. Selling a business is a whole new animal. It involves steps unlike any you have taken running your business. It is highly recommended to work with a business broker for online stores Orange County stands behind. The role of the broker will be getting your business ready for sale, getting it listed and liaising with other professionals such as accountants and transaction attorneys. Find a business broker that offers a wide range of services so that you won’t be forced to juggle multiple firms at the same time.

Not managing the process with confidentiality

As you may already know, the sale of your online store has to be confidential. You should only show your business to people that are genuinely interested and have the capacity to buy it. With that in mind, you must not give the sale of your business to multiple intermediaries, as doing so will make it hard to maintain confidentiality. A business broker is in the best position to maintain confidentiality. The broker will even prescreen potential buyers and require them to sign NDAs before letting them through to you.

In the internal environment, don’t communicate the decision of selling your business to your staff. This is because some of your staff might leave due to the fear of the uncertain future. If key employees leave, the value of your online business will take a dive. You must keep the process confidential until the transfer is completed.

Neglecting the business

The excitement that comes with selling a business often forces some people to ignore the running of their business altogether. This causes the performance of the business to decline and the value to go down with it. Keep in mind that it may be months before you find the right buyer. Keeping your business running optimally is the key to selling for maximum profit.

Business Broker for Online Stores Orange County

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

Handling the process alone

Not managing the process with confidentiality

Neglecting the business

The Sales Process