BizBuySell’s Post

Unlock the secrets of selling your business with Murphy Business Broker's comprehensive guide on our website! Read more here: https://lnkd.in/ezJyWgqv #BusinessSellingMadeEasy #MaximizeYourReturn #BrokerageSuccessTips

Common Selling Business Pitfalls to Avoid: Expert Tips for a Smooth Transaction When it comes to selling your business, understanding the common pitfalls is crucial for a smooth and profitable transaction. https://lnkd.in/dZ2tGrVp

Common Selling Business Pitfalls To Avoid: Expert Tips For A Smooth Transaction In this article, we will explore common selling business pitfalls to avoid, providing you with expert tips and strategies to protect your business value and ensure success. https://lnkd.in/dnHffhTd

As you consider the significant decision to sell your business (now or in the future), I wanted to share some valuable Q&As you may have on working with a professional business broker and how we can help you achieve the best price and terms. Take a look at our new article, and feel free to reach out to us with any questions! Link is in the comments!

Common Selling Business Pitfalls to Avoid: Expert Tips for a Smooth Transaction When it comes to selling your business, understanding the common pitfalls is crucial for a smooth and profitable transaction. https://lnkd.in/dnHffhTd

By: John W. Willingham, CBI, CCIM, CBB, FIBBA President/Broker   WHY BUSINESS SELLERS & BUYERS SHOULD BE CONCERNED ABOUT CONFIDENTIALITY? Bringing your business to market is a very delicate process. You need Buyers to become aware that your business is for sale, but in the process you don’t want to damage the value and marketability of your business. The concerns most Sellers have in this area are as follows: 1)    Employees of the business become aware that the business is on the market, become concerned that they may lose their jobs under a new owner and start looking for other employment. This could cost the business well trained employees and they could go to a competitor. 2)    Competitors of the business become aware it is for sale and use the information to their advantage. 3)    Customers of the business become aware it is for sale and become concerned that the level of service, price and etc. will change. 4)    Vendors find out and get nervous and place the business on COD. Recently a business owner had a competitor make an offer to buy his business and in the process the transaction fell apart. Later the competitor attempted to hire one of the key employees and that is just one of many war stories of which I am aware. But what about Buyers, should they be concerned? Here is another example of why a Buyer should keep things confidential. A Buyer found a business on our website in which he was interested and told a friend of his. While the Buyer was still considering contacting us, his friend did and made an offer. This created a more competitive situation that would not have occurred otherwise and the trust in the friendship was undermined. A good Non Disclosure Agreement (NDA) can protect both parties in the business sale process.  Using a 3rd party intermediary like an experienced business broker to bring your business to market confidentially can eliminate many of these concerns. Sunbelt brings 1,000s of businesses confidentially to market every year and helps many Buyers get happily involved in owning their own businesses. Sunbelt is the place to go to buy or sell a business. Contact me anytime, john.willingham@sunbeltnetwork.com or (661) 332-9401    

Here is a great article by Forbes about how hiring a business broker will help in the process of selling your business: 1.) We have access to a pool of prospective buyers and can get the business in front of them. 2.) We act as a buffer between the parties which is especially important when there are difficult situations. 3.) Selling businesses is our specialty and we understand the process, the documents needed and know how to keep the deal moving forward. 4) It is important to hire the RIGHT broker, we can help you! https://lnkd.in/gZdryPx5

Maintaining confidentiality should be placed at the top of your “to-do” list when selling a business. It can be challenging to maintain confidentiality, and yet, it is remarkably important. Brokerage professionals are experts in maintaining confidentiality. Any owner looking to sell their business will be well-served by taking advantage of all that a business broker has to offer. Mike Miller | 512-521-6113 | mmiller@IBEXBeyond.com #businessbrokers #buyingabusiness #sellingabusiness #confidentiality #businessintegrity

Common Selling Business Pitfalls To Avoid: Expert Tips For A Smooth Transaction In this article, we will explore common selling business pitfalls to avoid, providing you with expert tips and strategies to protect your business value and ensure success. https://lnkd.in/dZ2tGrVp

If you are looking at selling your business but are unsure which approach to take, we recommend you read our article describing the most common ways to sell a business. https://buff.ly/4f4dIN3 #sellabusiness #sellingabusiness #businessforsale