Why is selling a Business so Hard?

02/04/2024 25 min Episodio 173
Why is selling a Business so Hard?

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Episode Synopsis

Segment 1: The Hard Truth About Selling a BusinessDiscussion on the complexity of the selling processFinancial and legal hurdles that need to be overcomeThe emotional attachment to the business and its impact on the saleSegment 2: The Emotional Ties That BindDeep dive into why selling a business is such an emotional timeIdentity and self-worth tied to the businessThe feeling of letting employees and customers downThe fear of the unknown post-saleExpert Interview: A Psychological PerspectiveCan you hit the number you want with a buyer you can work with?Segment 3: Preparing for the Sale ProcessPractical steps to detach emotionally from the businessShifting perspective from owner to sellerFocusing on future opportunitiesGetting your business in order: financial audits, valuations, and moreAssembling the right team: brokers, accountants, lawyersSegment 4: Strategies for a Smoother SaleStrategies for setting realistic expectationsTips on maintaining business performance during the saleNegotiation tactics and how to handle offersGetting through Due Dilligence and a potential QoE
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