10 Barriers to Selling Your Business Profitably
- You wait too long to sell your business.
- Your business is priced using guesswork or a bad
formula.
- You stop pursuing new business.
- Customers find out and go elsewhere.
- Financial records are not orderly, open, or
communicated well.
- You try to negotiate the price with the buyer
yourself.
- An effort is made to hide weak spots and past
mistakes.
- Employees aren't considered 'part of the package.'
- Inventory isn't catalogued and priced.
- You take what the buyer says personally.
If you own a business, one of the most difficult
decisions you will ever face is if and when to sell your
business. Sometimes it's difficult because you feel you are
putting a value on your life's accomplishments. Sometimes,
it's because you love the business so much, you find it
difficult to let it go. Or the decision could be so
complicated by family and circumstance that it's easier to
make no decision than the decision to sell. And let's face
it: sometimes, the business has been left to run downhill
and you don't want others to find out.
The decision to sell your business is a major life
decision, and there are few resources available to help you
through the process. That's why Altman Business
Solutions, LLC was formed. We've been there!
We can help you navigate the turbulence around selling your
business by providing information and experience that allows
you to understand all the bits and pieces that go into
selling a business profitably.
How do you price a business? Altman Business Solutions
can show you, and we'll use the methods and formulas widely
accepted in the investment banking world to price your
business realistically and as profitably as possible.
We'll show you variations on your financial business
model that will allow you to realize a higher sale price,
given some time and effort. You will be given a
personalized action plan, one you can implement to better
showcase your business and make it more attractive to
serious buyers.
Don't have a clue how to find a buyer? That's okay, at
Altman Business Solutions, we do. Or perhaps you have a
buyer, but are unsure how to negotiate and structure the
deal? No problem, that's our specialty. You want to make
sure your employees have jobs when it's done? Great! That
was important to us, too. We can help you get your
employees ready so that the buyer sees them as a critical
part of the success of the business.
Whether your business is big, like the Fortune 500
companies we have consulted for over the last 20 years, or
small, as was our own family business, sold for a profit in
2007, we can understand the picture and communicate it to
your potential buyers. Most importantly, Altman Business
Solutions can help interested buyers see and calculate the
potential so they understand the value that your business
can bring them in the future. And let's face it, that's
what makes a business sale!
You can learn more by calling Altman Business Solutions
at 724-547-0940. You may also email Virginia at
Virginia@AltmanBusinessSolutions.com, or visit her
website at
www.AltmanBusinessSolutions.com.