How to Sell Your Business. (Even if you never plan to sell. It just makes sense.)
with Jack Delosa, Founder of MBE and The Entourage
Here’s what happens when most businesses decide to sell.
SITUATION A: YOU NEVER PLANNED TO EXIT
A potential buyer falls from the sky. The business owner is unprepared and turns down the opportunity, thinking another will come again. (Statistically speaking, another will never happen again.) Or, the owner decides to go ahead. The business owner is unprepared and makes a bad deal. Years of hard work go inadequately rewarded.
SITUATION B: YOU DESPERATELY NEED TO EXIT
The business owner gets sick, gets old or simply loses the fire in/his her belly. Siblings and offspring have no interest in taking over. The business owner must sell quickly. The business owner has taken a ‘she’ll be right’ approach but is then unprepared and makes a bad deal. Years of hard work goes inadequately rewarded.
Here’s what smart business owners do..
SITUATION C: YOU PREPARE TO EXIT FROM THE OUTSET
Business owners that distill an ‘exit mindset’ in their business from the outset adopt more transparent and consistent reporting mechanisms, they work with employees to increase value, they establish systems to reward employees and they strive to create a business that is more than simply a job for the founder. And should an exit opportunity arise, they are able to monetise their hardwork to its fullest potential.
WHAT IS THE BUSINESS BAKE UP?
In 90 minutes, learn the seven things you must do to prepare your business for exit… even if you never, ever want to sell. The Master Business Bake Up series is a cooking class… for business builders. We teach you a recipe that you can start to ‘cook’ on the day or take back to your business and implement later. [LIVE EVENT]