{"id":561232,"date":"2019-09-21T03:02:31","date_gmt":"2019-09-21T07:02:31","guid":{"rendered":"https:\/\/vrbbd.wpengine.com\/vrbbgreenbay\/the-variety-of-variables-involved-in-selling-your-business\/"},"modified":"2022-01-31T12:41:55","modified_gmt":"2022-01-31T17:41:55","slug":"the-variety-of-variables-involved-in-selling-your-business","status":"publish","type":"post","link":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/the-variety-of-variables-involved-in-selling-your-business\/","title":{"rendered":"The Variety of Variables Involved in Selling Your Business"},"content":{"rendered":"
\"\"<\/p>\n

Selling a business is more than a big decision, as it is also quite complex.\u00a0 Finding the right buyer for a business is at the heart of the matter.\u00a0 In the recent Forbes article, \u201cReady to Sell Your Business? Follow These 3 Tips to Find the Best Buyer,\u201d author Serenity Gibbons outlines that selling a business is a multifaceted process with a lot of moving parts.<\/span><\/p>\n

A central variable for those looking to sell a business is to have a coherent and well thought out exit strategy in place.\u00a0 She points out that at the top of your to-do list should be selling your business the right way, and that means having a great exit strategy in place.\u00a0 In fact, many experts feel that you should have an exit strategy in place even when you first open your business.<\/span><\/p>\n

Another key variable to keep in mind is that, according to Gibbons, only an estimated 20% to 30% of businesses on the market actually find buyers.\u00a0 This important fact means that business owners, who usually have a large percentage of their wealth tied up in their businesses, are vulnerable if they can\u2019t sell.\u00a0 It is vital for business owners to make their businesses as attractive as possible to buyers for when the time comes to sell.<\/span><\/p>\n

This article points to author Michael Lefkowitz\u2019s book \u201cWhere\u2019s the Exit.\u201d\u00a0 This book outlines what business owners need to do to get their business ready for their exit.\u00a0 Updating your books, ensuring that a good team is in place and ready to go and taking steps to \u201cpolish the appeal of your brand\u201d are some of the important topics covered.\u00a0<\/span><\/p>\n

Gibbons notes that \u201cnot every buyer with cash in hand is the right buyer for your company.\u201d\u00a0 Mentioned are three key variables that must be addressed when looking to find the right buyer: consider your successor, explore your broker options and find a pre-qualified buyer.<\/span><\/p>\n

In the end, working with a business broker is the fastest and easiest way to check off all three boxes.\u00a0 An experienced professional knows the importance of working exclusively with serious, pre-qualified buyers.\u00a0 Since a good business broker only works with serious buyers, that means business brokers can greatly expedite the process of selling your business.\u00a0<\/span><\/p>\n

In her article, Gibbons supports the fact that working with a business broker is a smart move.\u00a0 Those looking to get their business sold and reduce an array of potential headaches along the way, will find that there is no replacement for a good business broker.<\/span><\/p>\n

Copyright: Business Brokerage Press, Inc.<\/a><\/p>\n

FreedomTumZ\/BigStock.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Selling a business is more than a big decision, as it is also quite complex.\u00a0 Finding the right buyer for a business is at the heart of the matter.\u00a0 In the recent Forbes article, \u201cReady to Sell Your Business? Follow These 3 Tips to Find the Best Buyer,\u201d author Serenity Gibbons outlines that selling a […]<\/p>\n","protected":false},"author":2,"featured_media":561234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,8,2],"tags":[],"class_list":["post-561232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seller-articles","category-seller-faq","category-selling-a-business"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts\/561232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/comments?post=561232"}],"version-history":[{"count":0,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts\/561232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/media\/561234"}],"wp:attachment":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/media?parent=561232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/categories?post=561232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/tags?post=561232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}