How Long Will It Take to Sell My Business?

Boss Talk: Selling Businesses with Jim Parker and Carey Sobel | EP 17 | How Long Will It Take to Sell My Business?

Link to video podcast episode: https://youtu.be/-U1lHOi15tg

Welcome back to another episode of Boss Talk: Selling Businesses with Jim Parker and Carey Sobel!

In this episode of Boss Talk, Jim and Carey discuss why there is no definitive answer to how long it will take to sell a business due to the myriad of variables involved. The two seasoned brokers elaborate on the importance of preparation, the critical first 30 days on the market, and how hiring professionals can expedite the process. They also examine factors such as good financials, owner involvement, client concentration, and key employees that can influence the sale speed. Additionally, they discuss potential uncontrollable elements like landlords, lenders, legal issues, and contract assignments that could slow down the sale. Whether you're planning to sell your business soon or just exploring your options, this episode offers valuable insights on streamlining the business sale process.

Business owners, if this content resonated with you, feel free to contact Boss Group International for any inquiries or to get started with a Broker’s Opinion of Value. We're here to serve you and ensure your business goals are met with excellence.

For more information on selling your business, visit https://www.bossgi.com

Subscribe for the latest from Boss Talk: Selling Businesses with Jim Parker and Carey Sobel on YouTube @ListenToBossTalk

00:00 Introduction to Boss Talk

00:18 How Long Will It Take to Sell My Business?

01:02 The Importance of Preparation

02:02 Critical First 30 Days on the Market

05:03 Engaging Buyers and Receiving Offers

07:37 Common Pitfalls and Missteps

13:13 Timetables and Due Diligence

20:37 Factors Affecting the Sale Process

25:36 Uncontrollable Factors and Delays

34:41 Final Thoughts and Advice

36:44 Conclusion

#businesspodcast #bosstalk #sellingbusinesses #businesssales #podcast