The Process Of Selling A Business
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 The Process Of Selling A Business

The Process Of Selling A Business

The Process Of Selling A Business

  Selling your business:
Choosing the best method


 
  How ExitBiz can help you

 
  Education about selling a company
 

An overview of the process in selling a private business or company.

Selling a company is an experience that some entrepreneurs will only have once in their lifetime. It is an event for which most have little training and no direct experience. Yet selling their business is possibly the single most important issue for their financial future.

It is to the owner’s benefit to have a general knowledge of the entire process of selling a business before making decisions about how to proceed. This Overview educate's by describing and explaining the entire process of selling a business.

We have defined the transaction process in five sections.

Click on each section heading to get more specific information.

1 - Preparation 

The effort put forth to prepare your business to sell will be rewarded by a higher price and considerable timesaving in dealing with prospective Buyers. This is the most important aspect of selling your company and one that is under-developed by most Owners.

It is critical that the Owner understand the relationship between price and terms and guarantees and considers in advance the tradeoffs that they are willing to make before talking to a prospective Buyer.

2 - Pricing and Positioning: 

Developing a Company Offering Package, including a discussion of Business Valuation Methods

The Company Offering Package presents a clear, consistent picture of your business to any prospect. Although this material is developed during the Preparation phase, a separate discussion of the Company Offering Package and its components is presented, herein, to explain the structure and emphasize the importance of this valuable marketing tool.

3 Marketing Your Business 

Taking the business to market means finding prospects that will pay the most for your company and getting the necessary information to qualify them as Buyers. During the active selling period it is also important to maintain the necessary level of confidentiality of the sale.

4 Negotiating to Close 

How you respond to Buyers requests for information and proposals for deal structures is important if you expect to get your price. The quality of the selling presentation and the psychology of negotiation play important roles in successfully completing the deal.

5 -  Working with a Business Broker 

What you can expect when working with a Business Broker to sell your company