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1. Insufficient preparation: sellers who do not invest sufficient time and effort in researching and preparing for the sale of the business are prone to making mistakes.
2. Unclear price expectations: If the seller doesn't have a clear idea of how much they want to get for their business, it can be difficult to get a realistic price.
3. Lack of expertise: A seller who does not have the expertise needed may not be able to ask the right questions to close a successful deal.
4. Insufficient documentation: a seller who does not provide all relevant documents and records may have a hard time closing a deal.
5. Lack of communication with investors: If a seller is unable to communicate convincingly to investors or answer important questions, it can slow down the sales process.