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1. Assessing the business price too
low or too high.
2.
Lack of
confidentiality.
·
Key employees may
become nervous about job security
·
Competition in
the marketplace may put negative spin on reasons for
selling
·
Clients may
perceive that you’re selling for negative reasons
·
Suppliers may
become nervous that they will not be paid
Only information the seller approves will be
shared with potential buyers. Each buyer is required to comply
with The Jennessey Group's Confidentiality and Non-Disclosure
policies.
3.
Reduced time and energy to focus on your
business. A
business broker minimizes distractions during the selling process,
so the business owner can remain free to run their business during a
time when the business should be at its very
best.
4. Inadequate buyer
pool. Through a
pool of hundreds of qualified buyers, a business broker will ensure
the highest odds of finding one for your business.
5.
No one to manage the emotions of both
sides. Selling and/or buying a
business can be very emotional. Often it is here that a
broker provides the greatest value to everyone involved as he/she
manages the emotional ups and downs of the
process.
6.
No one to manage the buy side financing. A Professional
Business Broker will work with banking institutions to get multiple
financing options for the buyer.
7. Legal
Implications.
Business owners are not always fully aware of the legal implications
of a transaction. A
business broker will recommend that the client seeks professional
legal counsel to ensure that they are fully
protected.
8. Nobody to market the
business. A Professional Business
Broker’s sole priority is to market the business confidentially
and effectively.
9. Lack of negotiating
skills. A
professional business broker will funnel the deal beginning with the
letter of intent through the closing of the transaction.
10.
Lack of Objectivity. A business owner can find it challenging to
remain objective when evaluating their business. It’s also proven
that buyers are more open during negotiations with a third
party.
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