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It is less about gumption and more about familiarity with business valuation and negotiation techniques.Your ask price should bear a relationship to the valuati
by Lordarminius 11y ago
It is less about gumption and more about familiarity with business valuation and negotiation techniques.Your ask price should bear a relationship to the valuation of your company.This is determined by its assets, earnings, position in the marketplace, proprietary technology and so on.If and when you do get into a situation where you wish to sell your company, it might be best to bring in professionals.
- hoodoof 11y agoWho are professionals in this field? What do they bring?
- Lordarminius 11y agoMentors, early investors with interests aligned to yours,finance professionals, lawyers. They bring knowledge of negotiation techniques, business intelligence on your acquirers,valution skills, legal skills ,financial skills eg how to reduce your tax burden, and best way to receive payment: cash? stock? a mix of both? All sorts of issues arise when large sums of money come into play.