Businesses come in all sizes, stages and industries. Some are regulated; some are not; some are similar but no two are alike. For these reasons each business must have its own plan. Our strategic action plan is formulated with the owner(s) and intertwined with capabilities. A capability in this sense is the process of combining knowledge, tools, and skills designed in advance of need and implemented to achieve an expected outcome.
When completed, the plan must be concise and comprehensive in scope so the Seller, Buyer and a Financial Institution, if needed, can clearly see all aspects of the business and understand how all the moving parts work together. This approach removes complexity, drives out uncertainties, builds value and trust between the Seller and Buyer and minimizes risk.
If you are contemplating selling your business, you’ll have many questions like:
- How do you price a business?
- What is the seller’s role in the process?
- How long does it take to sell a business?
- How can I sell without competitors and employees knowing?
- What separates you from the other professionals that sell businesses?
All these questions are highlighted in the FAQ section. However, specific details will be discussed in depth during our first meeting whereby actions taken can be clearly illustrated. Knowing how to prepare a business for sale and the reasons behind the preparation are paramount.
STRAIGHT TALK – There is a famous quote that still applies today: “If you don’t know where you’re going any road will take you there.” Planning the roadmap to sell your business offers more than the distance to a destination. It points out areas of interest and attributes of the business along the route. It provides information and exit ramps avoiding road hazards, mitigating risk and identifying boundaries that should not be crossed.
I appreciate so much the work each of you did to market and sell my business. I have to say, I was satisfied with the whole process from beginning to end. You kept me well informed at every turn and made the entire transaction move along smoothly. I especially appreciated your straight talk and honesty. You were up front with me the whole time and delivered everything you promised – a credit to each of you individually, your company and your entire organization. Though some of the issues were quite complex, a bonus for me in the end, was the tax savings you delivered that covered your entire fee more than twice over! Thank you for a job well done. I will recommend you again and again.
~P. Young (AUTOMOTIVE INDUSTRY - RETAIL WHOLESALE)
I just wanted to say thanks again for the work you did on the transaction between our company and the Culligan of Rogers, Arkansas. It never would have closed without your great assistance! Your counsel and straight talk was very helpful to both sides and your "bedside manner’ was impeccable. Your vast input was outside the scope of a normal business broker’s skill and client commitment, and I appreciate it very much. Should you come across any more businesses that fit the mission of our company, please contact me? I would enjoy working with the two of you again!
~C.R. Hall (DISTRIBUTION - BOTTLING PLANT)
It's been shared with me that some business brokers are sleaze balls, I'm very thankful that we were fortunate enough to find the Godsey’s at Northwest Arkansas Business Brokers.
~J. Higdon (AVIATION & HEALTH INDUSTRY - AIR AMBULANCE, excerpt from US News & World Report)