Why You Cannot Always Sell Your Business When You Wish
Most business owner believe they can sell my business Fairbanks Ranch whenever they want to. This cannot be any further from the truth. Selling a business is not something you decide to do overnight. It is a huge and complicated transaction that requires lots of planning. In our experience selling businesses like yours for close to three decades now, here are our top reasons why you cannot always sell when you wish.
You need an exit strategy
The first reason is because you need an exit strategy. Yes, you want to sell my business Fairbanks Ranch before the end of the year but what exactly do you want to sell, to what kind of buyer and for how much? This is the question that mandates that you start by coming up with an exit strategy.
According to Christopher Snider, the President and CEO of EPI, a huge percentage of business owners lack an exit strategy. The article further revealed that up to 90% of business assets are usually tied up in their business. While most business owners will have to sell in the next 10 to 15 years, most of them are unprepared to do so. It is also shocking to note that according to EPI, approximately 20 to 30 percent of businesses that go on the market actually sell.
With these numbers in mind, it is the duty of our team at So-Cal Business Brokers to ensure you are sufficiently prepared to sell. We will help with your exit strategy and help with numerous other things to ensure you sell fast and for the right price and terms.
It is an emotional process
Another reason you cannot sell when you wish is because the process is an emotional one. You have to be completely sure that you are ready to sell my business Fairbanks Ranch. Pulling out of the deal because you changed your mind will make it a lot harder for you to sell in the future. You will also need to prove to our business broker in San Diego that you are serious about selling. We only get paid when you sell. That is why we are very picky when it comes to choosing a client.
Having the right reason to sell is a must. Your reason for selling must convince us you are serious about selling. We will then work on it so that it wins the trust of potential buyers.
The timing has to be perfect (know value of your business
Last but not least, timing is everything when selling a business. When you want to sell my business Fairbanks Ranch you must first assess the current market, determine the real worth of your business and so on. The best thing about working with us is we offer free services for market review, packaging, business valuation and pricing for free.