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Common mistakes when buying or selling a business

Buying or selling a business is a decision that can bring a lot of advantages in a person's economy. Even so, it is quite common for the rookie to rush during this negotiation process, and comment on a mistake that seriously harms them. Therefore, we will mention some of these frequent mistakes so that you are careful when closing this type of treatment:

Not be perceptual When buying or selling

It is normal for finding a person in which you have some interest rate, either to buy or sell, you emotions. But, this can never cloud your judgment, always be attentive to what the other party has to say and try to negotiate based on what you are looking for, so you will get up or lower the business price as it suits you.

Have an inaccurate business assessment

Calculating the exact value of a business is quite complex, since different variables must be taken into consideration, so, without the need for the other party to try to cheat yourself with a price, the price of the business sold has dropped since the last time it was evaluated. Therefore, it is always recommended to hire someone before making a purchase of this magnitude if it is really interested.

Rush during the closure of the sale

Some people usually rush into knowing that the other person has accepted their offer to buy/sell their business, and when giving the treatment as “closed” they trust as if everything was already done and give a bad image of their business by accident without knowing it. Therefore, it is always important to keep the composure until the processing of the business transfer is finished and the money is in hand.

Lack When buying or selling

The purchase-sale process of a business is always complicated, and it always becomes more delicate the greater the corporate. Therefore, however experienced it is, it is best to have the advice of a specialized person to support you during this process and advise you. This is not a mistake made by rookies, but also by the most experienced who believe they know everything about this, even if you do not want to pay a business that guides you, it is recommended to get a second opinion of someone of trusted before taking such an important opinion.

Insist

When you want to buy or sell a business, you are unlikely to make a deal with the first person you talk to. Therefore, if you realize that it is almost impossible for them to agree, do not insist on the situation, you will only waste time both and, in the worst case, you can get a bad impression that makes it even more difficult to make treatment with more people. So learn when to give up.