{"id":4411,"date":"2021-08-26T09:58:29","date_gmt":"2021-08-26T06:58:29","guid":{"rendered":"https:\/\/www.yrityskaupat.net\/instructions-for-business-buyers\/other\/a-checklist-for-business-sales-and-acquisitions\/"},"modified":"2021-08-26T12:42:16","modified_gmt":"2021-08-26T09:42:16","slug":"a-checklist-for-business-sales-and-acquisitions","status":"publish","type":"page","link":"https:\/\/www.yrityskaupat.net\/en\/instructions-for-business-buyers\/other\/a-checklist-for-business-sales-and-acquisitions\/","title":{"rendered":"A checklist for business sales and acquisitions"},"content":{"rendered":"<p>A business sale is always a unique event. For most entrepreneurs, selling their business is the biggest and most important sale of their career. Both financially and mentally. An entrepreneur is rarely a professional in business sales themself. This is why the help of an experienced and multiskilled business broker is important for the future.<\/p>\n<p>Selling or acquiring a business is a multistep process. It involves financial, financing, agreement and contract related, tax related, social as well as business operational issues. A business sale is all of these at the same time. Ignoring just one area or paying attention just to one thing might lead to a bad result.<\/p>\n<p>What\u2019s most important to the seller, isn\u2019t necessarily important to the buyer. The more the business corresponds to the buyer\u2019s needs and wishes, the easier the sale. In principle, it is not any more difficult than selling any mean of production. The buyer\u2019s interests are affected by for instance the business\u2019 functionality, image, location, operational reliability, general reliability, transparency, modernity, condition, contracts related to it and their terms, price and above all productivity. For instance fixed assets generally have less significance than people think. Businesses are regrettably rarely in the best possible selling condition as is, and preparations are needed.<\/p>\n<p>Remember:<\/p>\n<p><b>1.<\/b>\u00a0You should start preparing for the sale in time.<\/p>\n<div><b>2.<\/b>\u00a0Using an experienced expert leads to the best results.<\/div>\n<div><b>3.<\/b>\u00a0Organize your papers: explicit accounting and organized contracts and agreements are a prerequisite for a successful sale. Also remember to send them to the broker immediately.<\/div>\n<div><b>4.<\/b>\u00a0Clean up: unnecessary stock and junk are worthless in the eyes of the buyer. A clean operational environment lowers the threshold to buy.<\/div>\n<div><b>5.<\/b>\u00a0Everything that isn\u2019t completely clear, is unclear in the eyes of the buyer and slows down the selling process. A fair and transparent sale leads to quick decisions to buy.<\/div>\n<div><b>6.<\/b>\u00a0Unfortunately, buyers don\u2019t pay for emotional value: the actual value is what makes the sale happen.<\/div>\n<div><b>7.<\/b>\u00a0A productive and well-run business is always more valuable than a disorganized and non-profitable one.<\/div>\n<p><b>8.<\/b>\u00a0The buyer is ready to pay the asking price, when they understand why it is the asking price. Business sales and acquisitions don\u2019t include misleading, bickering or auctions. Clearly justified valued assets and profits are sold in business sales. A justified price can\u2019t be lowered much, which all parties of the transaction understand.<\/p>\n<p>The business broker must develop a clear and extensive picture of your business before commencing the brokering. This why they\u2019ll ask for many kinds of documents and even ask a few delicate questions. The broker is bound to secrecy, and your information will not be shared with anyone without your permission. The business broker\u2019s job is to find suitable buyers and pick out the most potential ones for you.<\/p>\n<p>The brokering proceeds in phases. When a buyer can be seen as very potential, they are given the necessary information about your business. This is to make sure that the information doesn\u2019t unnecessarily leak to external parties. At this point, you\u2019ll meet the potential buyer for the first time. You won\u2019t be bothered with unnecessary questions.<\/p>\n<p>At the fastest, a successor to your business is found within days, and at the slowest never. Our customer registers, with hundreds of potential buyers as well as the broker\u2019s other marketing channels and broad networks help speed up the sale. The right buyer might be found immediately. Negotiations that are well-arranged from the start and professionally written business information increase the probability of success, makes it easier for the buyers to receive financing and speeds up the sale. The paperwork and receiving financing along with all negotiations still take a few weeks or months. This means there is no need to rush.<\/p>\n<p>A successful business sale is flexible cooperation between all parties. We think that a successful business sale means that<br \/>\na) the seller is happy with the selling price,<br \/>\nb) the buyer is happy with the business they have bought and business operations can continue from a sound basis,<br \/>\nc) the sale, even years later, doesn\u2019t result in any backwash.<\/p>\n<p>Unless you expressly want to practice business sales with your life\u2019s work, turn to a professional in time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A business sale is always a unique event. For most entrepreneurs, selling their business is the biggest and most important&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":4264,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v24.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A checklist for business sales and acquisitions - Suomen Yrityskaupat Oy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yrityskaupat.net\/en\/instructions-for-business-buyers\/other\/a-checklist-for-business-sales-and-acquisitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A checklist for business sales and acquisitions\" \/>\n<meta property=\"og:description\" content=\"A business sale is always a unique event. 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