Tip #196: Deal Fatigue

tip 196Selling a business can take time. There are so many pieces of the puzzle – searching for a buyer, negotiating a letter of intent, negotiating a purchase agreement, conducting due diligence, working with a bank for a loan, and final negotiations for closing. And if a deal falls apart, the process has to start all over. This process can be very exhausting to a seller. It’s not unusual for a seller to have “Deal Fatigue” and just want it to be over. It is critical to have a business broker or mergers and acquisitions advisor guide a Seller through this oftentimes emotional journey.