Selling A Business In A Slow Economy


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Are you selling your Business in Slow economy? Tips - Selling your Business in Slow Economy

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Selling A Business In A Slow Economy

  1. 1. TIPS - SELLING A BUSINESS IN A SLOW ECONOMY 7 Friday, 28 June 13
  2. 2. Don't Focus On Your Fear When you focus on fear you don't understand what is right or what is wrong. So you should focus on the positive features of your business. Friday, 28 June 13
  3. 3. Create New Price Options Reduce your price or offer vendor finance to a purchaser. Also accept payment in stages. Each of these ways will help you secure a better purchase price as you are sharing some of the risk with the purchaser. Friday, 28 June 13
  4. 4. Network, Network, Network Use your social, family or business network for selling your business. Maybe some of your family friends, social or business friends are willing to buy your business. It is always good to tell your friends you are selling your business. Friday, 28 June 13
  5. 5. Go On The Offensive Defensive business strategies are reactionary and involve a wait- and-see approach, observing what competitors are doing and then responding. Offensive business strategies involve taking proactive, often aggressive action in the market. So going aggressive may help you turn up some extra options. Friday, 28 June 13
  6. 6. Stick To Your Sales Process The one thing you will find in slower economical conditions is fewer buyers and hence less demand. This may means a longer sales process. Be prepared to stick at it and search for new ways to get your business in front of buyers. Friday, 28 June 13
  7. 7. Always Stay Positive You should be always showing a positive attitude towards your business. Don't be tempted to blame the economy or the government and hence excuse yourself from continuing to take positive action. Keeping up your sales and lowering the expenses will help in maximising your business value. Friday, 28 June 13
  8. 8. Get A Business Broker It is always good to engage a business broker when selling your business. A broker is the professional and knows how to sell your business for maximum price. Friday, 28 June 13
  9. 9. For Advice On Business Valuation BCI Business Brokers Tony Arena (Managing Director) 3/1 Alexander Street, Crows Nest, NSW, 2065 Phone: +61 2 94393399 Mobile: +61 411888148 Friday, 28 June 13
  10. 10. Maximise Business Value Friday, 28 June 13
  11. 11. Free Consultation Find out what your business is worth now Friday, 28 June 13