Sell for the right
reasons
A sale has to be done for the right
reason in order to be successful. Brokers say good reasons to
sell include a desire to move on to something else, health, family
commitment, divorce, retirement, or death of a spouse.
Finances, on the other hand, are
not considered a positive motivation for selling your business.
When people want to use the proceeds to pay off a mortgage, or
when financial considerations are the driving force for some other
reason, the sale often does not happen. If a sale motivated by
money does go through, it often takes a long time to sell, and
frequently sells for a price significantly lower than what the
owner hoped. When people try to sell for financial reasons only,
they are almost always unrealistic about the worth of their business.
Their price is not related to the marketplace because they have
doubled the worth or more and the marketplace will just not net
them that.
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