When it comes time to sell your business, you want to get the maximum value out of it with minimal effort. Everyone knows that small details such as a fresh coat of paint or tidying up clutter can make a big impact on how potential buyers view your assets. But,…
Everyone knows about the little tricks to increase your home’s value before selling, but what about your business? You want top dollar when selling a business you’ve poured your blood, sweat, and tears into, so follow these tips to maximize your company’s value before presenting it to potential buyers:
- Consult an expert
While you are still actively involved in the day-to-day affairs of your business, you hardly have any time to research and market your business for sale. Luckily, there are companies like Tampa Business Brokers that can help you not only value your business but also make recommendations for profit-boosting improvements that give you the best return on investment. (more…)
Full disclosure is a concept that is applied to many areas of life, including real estate, vehicle sales, and business deals. Providing full disclosure is seen as a trustworthy act, even if it is required by law in many places. Here at Tampa Business Brokers Inc, we encourage all parties to the deal to engage in the best practice of full disclosure. This prevents future problems, including cancellation of the sale or even a lawsuit for breach of contract.
Full disclosure on all issues, problems, needed repairs, etc. should be made during the discovery stage of the business sale. Full disclosures in business transactions often include the following four sections: (more…)
Negotiation is an essential element of almost any business, yet few flourish in its practice. Successful negotiating can be the difference between a lucrative, thriving enterprise or shuttering your doors for good. Practicing a delicate balance of skill and art, tactful negotiators employ various strategies to get their desired outcome, but things don’t always go to plan. Stalemates happen, and when they do, it is important to know how to overcome them.
Here are a few techniques from our experts to break your negotiation out of a stalemate: (more…)