These articles are for general information purposes only
and do not constitute legal, accounting or other
professional advice. Important financial and legal
decisions should be made only after seeking appropriate
professional advice based on your specific situation.
What Drives Business Owners To Sell...
and Business Buyers To Buy ?
by Noel Peebles Author of "Sell Your Business The Easy Way"
The buyer of your business will buy for his or her reasons, not
yours. If you decide to sell, because your business is not
going well and you simply want to get rid of it... do you think a
buyer will be convinced ? Your attitude and what you say can
drastically devalue your business and its true worth.
Whatever your situation, your reason for selling must be
convincing and your explanations consistent.
It's only natural that you will want to get the highest price you
possibly can. Although, how much you get is important, it
won't necessarily drive your ultimate decision to sell.
For most business owners, the decision to sell is usually a
combination of personal and financial reasons. Is this your
situation too ? The chances are, you will have a personal
attachment to your business. It’s been part of your life for
some time now. Only you, are capable of making the ultimate
decision to sell.
The Same Applies To Buyers. It won't just be a financial
decision, it will also be about life-style, personal independence,
freedom to express themselves, maybe an escape from the corporate
"rat race", or the satisfaction of being in charge of their own
little empire.
The price they pay is important, as it will need to stack-up
financially, if they are to convince someone to lend them money.
But, financial considerations alone, will not drive their
decision to purchase.
Buying the business will change their lives and they know it.
Only the buyer is capable of making the decision to buy.
Remember, at the end of the day, both you and your potential
buyer will have to balance the imagined personal gains against what
could be uncertain financial prospects. Because, and here's
the crunch... you as seller, are offering a business opportunity,
NOT a business guarantee.
DISCLAIMER BusinessSellCanada is not responsible for the accuracy of the information
shown in any of the "Business For Sale" listings. The Buyer should
contact the Seller/Agent directly and verify the accuracy of
all information to his/her own satisfaction.