Introduction: Some Key Points
how this selling prep will help
Failing to properly manage the sale of your business can cost you. That is why you need a business advisor who can
- valuate your business,
- package your company for sale,
- screen potential buyers,
- and negotiate the price that works for you.
But First, there are some very important "prep" issues that you should review in order to get the maximum value for your business.
We invite your to review our Exit Planning Module. It will illustrate those key steps as you plan an exit either in the near or far future. It will help you:
- help you develop marketing programs that can build goodwill: see our marketing model
- help you prepare the financials for outside review: see our financials review guide
- help you evaluate the true market price for your company: see our valuation module
- help you complete the process to present your company to prospective buyers
How Would You Go About Selling Your Business? You Have About 3 Options:
- Sell the Company Yourself:
You can sell your business on your own through a network of business associations and contacts
Listing and presenting your business properly. Don't forget that you need to manage your day-to-day operations at the same time you are selling your business. Your challenge is to present your business to a vast network of potential buyers from around the region and country.
- List Your Business with the Media:
You could publish a small ad in targeted media plus list your business with online business-sell networks.
Same as the first option. Plus, you have the challenge of keeping your sale confidential from your competition and employees.
- Sell Through a Professional Broker/Advisor:
Let an expert prepare the necessary documentation and find qualified buyers. Plus arrange all related meetings to close the deal.
Cost. Professional brokers perform services based on percentage of the closed sale. But those payments are generally re-couped since the broker understands the dynamics to maximize your value.
There are Pros and Cons for Each Method
Our advice is as follows:
- if you have a buyer or competitor
who is interested in buying your business, then
reach out to that person with the sale opportunity.
You may decide to use the professional services of the Novars Group to prepare your business for sale as outlined in this guide for a negotiated fee. See our professional services.
- If you don't have any buyers that
may be interested in your business, enter into a
contract with a the Novars Group to prepare and
list your business for sale.
Speed is the strategy you want to take. Move quickly before your markets or your competition negate the value of your business.
- introduction: some key points
using the selling prep to ready a business for a direct sale
- to whom to sell your business
summary review of the type of buyers that are in the market
- important tips prior to announcing
why you need to keep the sale of your company confidential
- prep the company
review the different preparations needed for the company
- what's needed for the sale
reviews what is needed for business direct sale
- how we can help
use our experience and professional connections to handle these key tasks
- forms & worksheets
FREE forms that address busines exit and selling issues
use these calculators to estimate business value and financing
- business selling prep
summary tips on getting your company ready for a direct sale
- market planning model
market planning model to address business growth and expansion
- building business credit
valuable guides to build business credit and financial strength
- business management tips
complete selection on business topics and management guides
- financing options
summary financing options for business acquisitions
- personal credit management
credit management guide for personal and employee training
- life-event planning
life-event planning guides for education, home, money, travel and more
- guide: lower monthly bills
collection of resources to help manage and lower monthly bills
- building success model
FREE download on personal and business success building skills
- M&A/brokerage services
reviews our business brokerage, business selling and M&A services
- current listings
list of current businesses that we represent including buy side
- exit planning design
review of the exit planning process with advisory points
- valuation services
finding the value of your company using 3 key approaches
- business advisory
not ready to sell until the value is up - we provide the tools
- business listings services
selection of services for business owners selling on their own
- tools & other stuff
helpful tools to help you make decisions