Colette Kemp (@colette_kemp_) 's Twitter Profile
Colette Kemp

@colette_kemp_

Principal @ SureStep Business Advisors ~ Dedicated to Keeping Main Street Locally Owned by helping Business Owners Sell to Next-Gen Buyers.

ID: 1212758774483582978

linkhttps://colettekemp.com/ calendar_today02-01-2020 15:33:39

5,5K Tweet

78 Followers

89 Following

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Protect your confidential info. Use NDAs (Non-Disclosure Agreements) when discussing your business with potential buyers. ๐Ÿ“ #BusinessSecurity #NDAs

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Identify your ideal buyer. Are you targeting strategic buyers, financial buyers, or individuals? Knowing your buyer helps tailor your sales approach. ๐ŸŽฏ #BuyerTypes #SellingStrategy

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Donโ€™t forget your employees. Transparency and planning around how the sale affects them can ease transitions. ๐Ÿ‘ฅ #EmployeeRetention #BusinessSale

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Ensure your customer base is stable and contracts are up-to-date. Predictable revenue streams are key selling points. ๐Ÿ’ผ #CustomerContracts #RevenueStreams

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Reduce your dependency on any one customer, employee, or supplier. Diversification lowers risk for buyers. โš–๏ธ #RiskReduction #BusinessSelling

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Selling a business takes time. Be patient and plan aheadโ€”most sales take 6-12 months to close. โณ #BusinessSalesTimeline #PlanAhead

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Plan for life after the sale. Will you stay on for a transition period? Or move on immediately? Know your exit strategy. ๐Ÿšช #ExitStrategy #LifeAfterSale

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Work with a business broker to find qualified buyers. Their expertise can save you time and increase your chances of success. ๐Ÿค #BusinessBroker #SellingTips

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Make sure your intellectual property is protected and registered. Buyers will see value in trademarks, patents, and trade secrets. ๐Ÿ“œ #IntellectualProperty #BusinessValue

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Donโ€™t rely on the first offer. Negotiation is key to getting the best deal for your business. ๐Ÿ”„ #NegotiationTips #MaximizeValue

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Have your business appraised by a third party to ensure the asking price is fair for both you and the buyer. ๐Ÿ’ฐ #FairValue #AppraisalMatters

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Selling your business? We're dedicated to helping you navigate the emotional complexities and find the perfect successor. #BusinessTransition #SmallBusiness

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Taxes matter! Consult with an accountant to understand the tax implications of selling your business. ๐Ÿงพ #TaxPlanning #BusinessSale

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Ensure your business can run without you. Buyers want businesses with minimal reliance on the current owner. ๐Ÿ”‘ #SelfSustainingBusiness #OwnerIndependence

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Update your website and online presence. Buyers will research your business, so make sure it looks its best! ๐ŸŒ #OnlinePresence #BusinessSelling

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Selling a business is emotional, but try to stay objective and focus on the facts during negotiations. ๐Ÿง  #StayFocused #SellingYourBusiness

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Supporting small businesses in transition! Letโ€™s ensure local ownership thrives and community legacies are preserved. #SmallBusiness #Community #Legacy

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We believe in the power of community. Let's preserve Main Street's heart together! ๐ŸŒณ #CommunityEmpowerment #LocalOwnership