Close your eyes for a moment and allow yourself to be the tendency of the future image of your dreams a few months after you sell your business. What are you doing, and how much money do you have to enjoy with it? Are you still involved in your business or you are perfectly out of it? What do you care about who is running it now and if so do you like the way you continue to do it? Thinking about these issues will take you closer to decide what kind of deal you want to deal – in other words, how a successful sale looks for you.
I have reached this conclusion that a mixture of successful deals:
- If you earn that price
- The structure and time of the offer
- The buyer’s plan for your business and whether they sit comfortably with you
To help you see what I mean, let’s look at an example scene with two alternative options. Let’s say you have left your business for sale and the total offer you give is $ 5 million. It is structured for paying $ 2.5 million instant money by dividing the rest of the money with three equal payments in the following three years.
In the alternative, these payments are dependent on the future performance of the business. If it does not hurt the agreed target, the installments you provide will be reduced accordingly. Alternatively, if business goals go out, it can pay a higher overall price for the business. How do you feel about it? What it would like to do you like?
In the option two, you have accepted the above offer, but instead of hitting the performance-related goals, you have been given installment regardless of performance. Although it sounds more reliable, it has an opinion for it. If you miss your goals, you will get the benefit of paying regardless of you, but if you shoot them you can finish the forecast of higher overall payment.
That is why you need to be dependent on how confident you are in your business skills to grow your market and make your business more profitable in the future. To complicate the issues, you can also feel strongly about what kind of buyer you want to take responsibility for your business, especially if you have employees whom you want to look good. If this is important to you, it can bring about a difference in how you go to the sales.
Personal preparation
One of the biggest mistakes that I owns are to leave the plan to quit too late. It is really important to take you the time Your business is ready Kept in the market. The more time you give yourself, the more the leverage you hold.
However, I just do not advise you that you’re just planning for your business – make it about you too. It is easy to focus on the sale that you forget to think about what you are going to do later. You can assume that time you can do it and perhaps you will do it but it never hurts to prepare for life after sale. Dare to dream
Think about the impact that your new resource will have on you and your family. Although you can assume it will be positive, it is not always the case. Ahmed was the owner of a business with whom I worked with 60% of his business six years ago to his management team. His view was always a new home to buy a new house and how it would be and where it would be it was a correct picture in his mind. Certainly, as he sells the company part of the company, he has come from the small, roofed area he has been living for twenty years and is moving to a huge land plot of land $ 1.5 million to the new bill. You think that it will be a happy ending, but under this line for five years, there is still tension between him and his wife because he has found the conversion of their new wealthy wealth.
Another thing to think about is what you do with a free time. Although your other half is begging to sell you so they can spend more time with you, now you can spend more time at home, both of you can crowd the place a bit. After planning how you are about to live a more comfortable life will help reduce excitement and reduce regret after event.
When you know why you want to sell, have a real idea of ​​what your business is worth, what kind of sale you want it, and how you are about to live after sale, you will maximize the possibilities of your success. In the end, you will understand what success means for you and the plan you have done will give you the best chance to build it as a positive and perfect experience.
The drainage of an adaptive book from it Exit Roadmap By chris spratling.
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