The Importance Professional Assistance When Looking To Sell Your Own Business.

by Ken Wilson - Date: 2007-04-18 - Word Count: 650 Share This!

Nowadays, small and medium sized business owners often consider selling their businesses. There are numerous reasons why people want to sell their businesses. Whatever the motive, there's one thing all business owners have in common: they all want to make a good sale. Business brokers are very motivated in helping you sell your own business. They act as intermediaries between sellers and buyers and offer their assistance throughout the sale process. At SYOB Australia you will find professional guidance if you are looking to sell your own business.

Business brokers, also called business transfer agents, assist both parties in the private business selling process. They have a number of ways in which they assist their clients. First of all, business brokers estimate the value of the business and initiate the advertising phase, without disclosing its identity. Furthermore, a business broker has to handle all interviews, meetings and negotiations with the potential clients. Finally, the broker will be present at the moment of the sale.

There are many ways in which a business broker can aid a business owner in making a profitable sale. One method is by developing a comparative market analysis in order to estimate the value of the business in comparison with other businesses. Business brokers can also promote the business to prospective buyers and prepare the necessary paperwork for the sale. The main task of a business broker is however guiding the business seller throughout the selling process and achieving positive results. Brokers usually do commission-based work. In order to earn a good commission they have to do their best in finding a buyer willing to pay the highest possible price and on the best terms. In their activity, brokers must be very discreet and ensure confidentiality for their clients. A broker must also have very good market knowledge and excellent understanding of how to evaluate a business. There might be situations where buyers are not actually financially qualified for the purchase although they mislead the seller to t
hink so. In these cases the input of a professional broker can be very useful as he can prescreen the buyer and avoid any unpleasant situations. Another reason why a broker is useful when you're trying to sell your own business is that he is used to negotiating. Not being emotionally tied to the transaction is very important for an efficient negotiation and positive results.

When looking to sell your own business, there are a few things you should know. First of all, it's important to have customer diversity. If you don't have any customers which account for more than 5% of your sales you will probably have many offers on the acquisition market. However, if your sales are concentrated in only several customers you might want to focus on diversifying before selling. When a buyer becomes interested in purchasing your business he will surely look at the quality of your management and employees. Furthermore, originality is always a plus where businesses are concerned. If your business brings innovations to the market the interest in buying it will definitely exceed your expectations and you will get the attention of the large companies. Sometimes, a buyer seeks out business owners who have obtained hard to get permits, licenses or approvals. A small or medium business which has a good portfolio of products but a not so good distribution system may become a valuable asset in the hands of a strategic buyer. Industry exposure and well-developed growth plans are only two of many other things which might draw the attention to your business.

There are dozens of aspects buyers look into when considering making an acquisition. From profitability to management, everything is important. If you want to successfully sell your own business you should seek professional advice about the strategies that will get you a higher sale price. SYOB is prepared to offer you the valuable assistance you've been looking for.

Related Tags: broker, business, sale, acquisition, buyer, business brokers, sell your own business

Many people are interested in making either business purchases or sales. The market is constantly developing and there are quite a few opportunities out there. Business brokers are there to facilitate your transactions. Visit our website to find out more about how to sell your own business.

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