Selling a Business Don't Underestimate Your Power! :
When sellers
prepare to sell their business, some are quick to take a defensive role
relative to the buyer. After all, buyers conduct the due diligence,
buyers make the offer, buyers request the necessary financial
information, buyers make demands during negotiations, etc. The
subservient role can be an easy trap for a seller to fall into. After
all, they want their business to sell. But sellers have rights, too. And
they have a responsibility to protect and defend the interests of their
business.
The majority of business owners sell a business only
once in their lifetime. The same can be said for someone buying a
business...they typically only do it once. But, a strategic, corporate
or equity buyer, is likely to have been involved in quite a few
transactions - some that worked and some that did not. What does this
mean for the seller? It means buyers that express interest in buying a
business could have an experienced team of mergers & acquisitions
advisors helping them or, have been through the business transaction
process more than once. This can result in a lopsided negotiating
arrangement - the amateur (the seller) versus the professional (the
buyer).
Read: Selling a Business Don't Underestimate Your Power!
For a complimentary consultation:
Contact
Cecil Williams (cecil@bizbrokerflorida.com)
or call at 888-925-5055 ext.206. Visit my personal website to search
for business for sale in Florida www.bizbrokerflorida.com Also, visit our Florida Business Exchange website at www.fbxbrokers.com
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