Thinking of Selling Your Business?
Selling your business is no easy task, even for the most experienced business owners. Overall, it seems like a relatively simple task, but you may end up on the short end if you don’t pay attention to the details. That is why PPWG™ gives you the blueprint you need for this process.
Thinking of Selling Your Business?
Selling your business is no easy task, even for the most experienced business owners. Overall, it seems like a relatively simple task, but you may end up on the short end if you don’t pay attention to the details. That is why PPWG gives you the blueprint you need for this process.
The Process of Selling Your Business
First it starts by understanding the whole process. Even though each sell will be unique for that individual business, it starts with determining the value of your business. This establishes a price range of what you can expect to receive for your business. From there, you’ll want the broker you’re working with to find potential buyers for the company. Once a serious candidate emerges, they’ll do a thorough background check of your business to ensure it matches their expectations. Once the investigation checks out and meets the buyer’s satisfaction, the parties will negotiate the terms of the deal. Finally, you execute all the necessary legalities after you reach an agreement with the buyer.
The Process of Selling Your Business
First it starts by understanding the whole process. Even though each sell will be unique for that individual business, it starts with determining the value of your business. This establishes a price range of what you can expect to receive for your business. From there, you’ll want the broker you’re working with to find potential buyers for the company. Once a serious candidate emerges, they’ll do a thorough background check of your business to ensure it matches their expectations. Once the investigation checks out and meets the buyer’s satisfaction, the parties will negotiate the terms of the deal. Finally, you execute all the necessary legalities after you reach an agreement with the buyer.
How PPWG Can Help With Selling Your Business
It’s important that you find the right help during this process and that’s where PPWG can help. This is important to do at the beginning of the process, especially if you’ve never sold a business before. Paragon Private Wealth Group™ has handled this process for many of our clients. We’ll ensure we find someone that is familiar with your industry to act in the best interest of your company. We will help assist you with advice and represent your business throughout the process by putting together a valuable team.
One of the crucial parts Paragon Private Wealth Group can help with is showing prospective buyers the money you produce. During the sell process, your business will have to go through a formal assessment to determine the worth. Qualified prospective buyers will want to ensure that your company is worth what you’re asking.
An accurate evaluation of your company will protect both you and the purchaser. That’s why this is crucial to get it right because otherwise it might not work out in your best interest. There are several factors that will weigh in on this evaluation including cash flow, intellectual property, financial statements, among others. By demonstrating the true value of your business you’ll be able to maximize your final sale price.
How PPWG Can Help With Selling Your Business
It’s important that you find the right help during this process and that’s where PPWG can help. This is important to do at the beginning of the process, especially if you’ve never sold a business before. Paragon Private Wealth Group has handled this process for many of our clients. We’ll ensure we find someone that is familiar with your industry to act in the best interest of your company. We will help assist you with advice and represent your business throughout the process by putting together a valuable team.
One of the crucial parts Paragon Private Wealth Group can help with is showing prospective buyers the money you produce. During the sell process, your business will have to go through a formal assessment to determine the worth. Qualified prospective buyers will want to ensure that your company is worth what you’re asking.
An accurate evaluation of your company will protect both you and the purchaser. That’s why this is crucial to get it right because otherwise it might not work out in your best interest. There are several factors that will weigh in on this evaluation including cash flow, intellectual property, financial statements, among others. By demonstrating the true value of your business you’ll be able to maximize your final sale price.
Protect Yourself When Selling Your Business
Finally, you’ll want to protect confidentiality and maintain a level of transparency. There needs to be a level of confidentiality between the company and prospective buyers in case they don’t buy. That is why we recommend having a strong Non-Disclosure Agreement (NDA) signed by prospective buyers. This is important to help protect the sellers of the company to ensure your trade secrets or value doesn’t get out.
Protect Yourself When Selling Your Business
Finally, you’ll want to protect confidentiality and maintain a level of transparency. There needs to be a level of confidentiality between the company and prospective buyers in case they don’t buy. That is why we recommend having a strong Non-Disclosure Agreement (NDA) signed by prospective buyers. This is important to help protect the sellers of the company to ensure your trade secrets or value doesn’t get out.
