National Brokers Network

How to Manage Market Identity When Selling Your Business

In running a business, your two separate lives often uncontrollably become one — personal and business. The financial aspect of a business is becoming intertwined with the personal life. Regarding the financial side, the success and downfall of the company rest on your shoulders; hence, affecting your and your employees’ personal lives.

Being driven to get the company you own or with to success takes up a lot of time, money, and effort. Working in long hours and bringing work home — even just the stress and thoughts related to it — can affect your day offs and how you view yourself. If your image gets tied up with the business, how will you be able to sell?

There are businesses wherein the owners lead the business by becoming the CEO, while others are beneficiaries or those who didn’t start the business but exerted effort to make it work. For them, there will always be the pressure and thoughts on how will they be able to reach the success of a competitive company they were hired on, but in a different industry. If this applies to you, don’t let the pressure eat you. You may be thinking too much about making a sale so that you don’t have to work again. Instead of getting enough money to start a new business, start learning how to avoid the pressure of entering a venture that will flop eventually. You can also get the help of business brokers victoria to have an idea on how to control the pressure while getting your business listed.

Obviously, businesses are born to cater to a certain target market and become the solution to their woes through products and services. But when you decide to sell your business, you give up a part of you as well — an identity you have created throughout the business’ existence. It’s up to you if you’re willing to give it all up or start a new identity to continue using your skills you honed for years.

Confidentiality Agreement

In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

Client Signature (Sign on the box below)