My guess is that when planning the start or the purchase of your business you took the time to create some type of plan.
I would also guess that once you were in business you spent a lot of time planning, new products, services, strategies, marketing, and the growth of your business.
Yet most business owners and business sellers don't use a tangible business plan to sell a business?
When selling a business having a plan reduces the risk of failure.
A plan will help to provide clarity, stay organized and focused, and serves as a roadmap for success, leading to better decision making, less stress, and increase your chances of selling.
Completing a business assessment of your business helps to establish the business's value, and fair asking price.
It will provide a better understanding of your business's overall financial and operational health, while resolving possible issues before your business goes to market.
When it comes to the sale of a business, the amount of initial thought and planning usually dictates the level of serious interest from future buyers.
To get you started we will send you a series of pdf's that will provide insight into what you can do to increase your odds of selling and what to expect as your sale moves forward.
Once we decide to work together, we will each have a list of items to work on in getting your business ready for sale.
As each step is completed we will schedule Review Calls to keep us on on track, and to discuss next steps.
Depending on the type of sale you choose you will be given a Paperwork Checklist to complete that will organize all of your business's documentation that will be required by accountants, buyers, lawyers and lenders.
While you are working on the Paperwork Checklist, we will start work on creating marketing material for future marketing.
All Marketing Material will be proofed by you
As each step of the business sale has been completed a Review Call will be scheduled to discuss next steps and for questions to be answered.
Now that the paperwork is place and financial information is available we can start the process of establishing a selling price.
We will provide you with different selling prices using Commercial Lenders Formulas.
It is important for you to understand how lenders will view your business’s ability to service a loan while providing the buyer with a strong income.
Now that a selling price has been established and the marketing material has been completed, it is time to go to market.
Your business will be marketed confidentially using the following platforms:
• Social Media Sites
• The 3 Minute Read. Our newsletter that enjoys a reader base of over 12,000 business owners and buyers
• Paid Business for Sale Classified Sites
• Local Business for Sale Classified Sites
• The Affordable Business Partner Website
97% of all buyers inquires are unserious. These include business sellers looking for listings, buyers who do not have the financial capacity to purchase the business, and competitors.
We use a 2-step screening process that eliminates wasted time with unserious buyers.
You will have a clear understanding on:
· what needs to be done,
· when it needs to be done,
· why it needs to be done
· and how will do it.
BizPlanSell Business Selling Systems and The Affordable Business Partner are trade names of First Step Business & Franchise Consulting Inc. Specializing in helping others with buying and selling of businesses. How can we help you?. All Rights Reserved.