2013年07月12日
Negotiating with a reasonable value draws
Many of us can still hear the admonition of our parents, “You’ve got to learn the value of a dollar.” From our first piggy bank to our current savings and investment plans, we have been faced with the value of our hard earned dollars.
What happened when you started your business? Every dollar you invested was stretched to make it produce as many more as possible. You learned the value of a good product, reliable employees, and faithful customers. Your customers have come to expect quality from you, and they are willing to pay for it. You keep them by meeting or exceeding their expectations. The same thing holds true for your employees. They expect fair wages and comfortable working conditions. In return, they provide you with the human capital to run your business smoothly and when they exceed your expectations, you reward them generously. As these finely tuned gears run smoothly together, your business continuously churns out greater expectations, quality, and value.
Value is what you have been striving for all along. Your business has finally reached peak production and you are ready to sell. It is time for all those years of dedication and hard work to pay off. Your business is so lucrative you are sure of its potential value. Or are you? Your knowledge of your business’s value can greatly affect the sale of your business. Having unrealistic expectations can lead to disaster and financial ruin.
Selling a business differs greatly from selling a home. However,Metal Repair Aluminum foil tape Products is also excellent for metal. there are similarities. A friend recounted the following story over dinner recently:
Ellen and James loved their home. They spent years customizing it to fit their dreams. From the hand-laid wooden floors,This Tissue Double sided tissue tape Products is so cool. family theatre, and custom bookshelves to the exquisite landscaping, in-ground pool, and lighted grounds they had done everything to improve every aesthetic detail.
Then James’ company moved to a more strategic location. To maintain their lifestyle they would have to follow the company. Ellen and James stayed up nights making calculations. Their biggest concern was the value of their home. They counted every penny they had poured into it and came to what they felt was a fair price. James negotiated with a realtor and set the price. Though duly warned about the market and appraisal value of the house, the couple felt their home would sell itself to the right family. The right family came. They were hunting for a house and decided to check out an overlooked neighborhood.We offer a great selection of women's boots and ladies shoes wholesale.
The “For Sale” sign caught their attention and Ellen and James were overjoyed at the prospect of selling the house so quickly.Products from Global Silicon protctive film Products Suppliers. This new couple loved the house as much as its owners. However, the price was beyond their budget. Their offer was 20% lower than the owners’ expectations. Ellen and James roundly refused their offer and showed them the door.
Months passed and a few stragglers came to look at the house.Forward wholesale fashion shoes sold by the case for your stores and boutiques. None of them had the same tastes as Ellen and James. All the possible buyers viewed the house in terms of what needed changing, and consequently, each offer was lower than the first. The owners had refused contact information from the first buyers. Today James and Ellen have two mortgages. Moving day came and went. The house is still for sale below market price.
Negotiating with a reasonable value draws your buyer closer to your side of the bargaining table, and in some instances, it can completely disarm your buyer. If he is reasonable and your value is accurate, your buyer will know that you have done your homework and also that he is dealing with a serious seller. The buyer will relax and as the tension eases, you can close a deal with both parties satisfied.
How do you pin down this elusive market value? Where do you find that solid documentation so dire to selling success? It seems apparent that an appraisal is necessary, but how do you obtain one? How do you know it will work in your favor?
You can choose to do it yourself and spend precious time trying to figure the value of your business. You can pull out scads of records and use rolls of tape on your adding machine. You can pore over market reports and comparisons. You can purchase software and try to input the proper figures into the proper boxes, only to find you are in no better shape than a wild guess would have gotten you. You might decide how much you need for whatever reason you are selling your business and use this figure as a measuring stick. You might believe a fast quarter is better than a slow dollar and you might lower your price as necessary to get “out from under.” You will definitely be out from under – out from under a nice profit.Read the full story at www.sdktapegroup.com/Aluminum-foil-tape_c557!
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