So you are considering selling your business. If you haven't already, you may not be aware of all the options and opportunities. Let me help you organize your thoughts and make the right choice in hiring a broker while putting your business for sale in Boston MA.
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First of all, you need to decide whether you want to do it yourself or hire a broker. You have to realize that the sales process of a company takes a lot of time and knowledge. Just placing an ad on Craigslist won't do you any good.
When, like most business owners, you have a very busy schedule, it's very difficult to combine business management with customer service. Every buyer accepts that it is his only and requires your full attention.
You will need to do the following with each buyer:-
qualify financially and professionally beforehand
Include your company profile and financial statements. Additional information can be requested
Follow up, follow up, follow up …
Are you planning a business trip
Negotiate the terms of the sales contract
Prepare documentation and send it to an escrow account
Keep a record of the activity and current status of each buyer
You have to communicate very quickly in the current market of buyers, otherwise buyers will lose interest, turn around and look for other options. If they turned around, it was practically impossible to get them back.
If it seems like too much work to combine with running your business, you should seriously consider hiring a business broker. A qualified business broker will carry out all of the above activities and greatly minimize your interactions with buyers and assist you with their experience.