Advantages of Having a Banker

Selling your business? Get ready for emotions! Your due diligence process might have you thinking you’re on an emotional roller coaster. A good banker can be the track stabilizer, a negotiator as well as your sanity saver during the ride of highs and lows.

Transcript

Client #1: One of the elements of our banker and the team that I really appreciated was that, uh, champion for us in the negotiation, uh, you know, putting our best face forward, but also was a part-time psychiatrist, uh, to sort of walk and talk us through the emotions of selling your business. And, you know, there’s an element during the buying process where you’re told that you’re an ugly baby, and that hurts.

Client #1: Our banker was able to keep our spirits up in the face of that kind of rejection. Um, and then during the high, you know, the, the highs and lows or the stressful, uh, time periods during the, due diligence process, the banker would always calm us down. This is normal, this is expected, this is what happens in a transaction. This is typical from a buyer of this size and, their approach. And so that, uh, gave us, uh, that gave us the sleep that we got during the transaction.