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Exit Planning Tips For Small Business

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How to exit your business with a sense of fulfillment, personal satisfaction, and the biggest payday of your life.

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Do you have an exit strategy? Would you like to sell your business one day? How much is your business worth and… will someone buy it?

Sadly, most business owners simply don’t know what they need to know to prepare for succession, transition of ownership, and exit.

According to Kerry Boulton, it's not merely about selling it, it's about ensuring its sustained success and extracting its maximum value.

In this video, you will learn about:

Maximizing your business’ value as you exit
Financial readiness and reallife examples that highlight the consequences of delayed financial preparation
Emotional and psychological aspects of leaving your business behind and how to navigate this transition successfully
Systemization’s crucial role in business exit planning
How to streamline your business operations to reduce reliance on the owner
Leading a meaningful postbusiness life

Watch the full video now!

Timestamps:
00:00 The importance of planning for business exits.
00:49 Kerry's experience with multiple business exits.
02:35 Key aspects of exit planning: financial, personal, and business readiness.
03:25 The significance of systemization in business exit planning.
04:36 Considerations for potential challenges, such as disinterest and divorce.
05:16 Timing and transition in business exits.
06:11 The value of having control and planning for your business exit.
07:21 Importance of financial readiness and professionalized records.
09:17 Factors like customer base and supplier concentration in exit planning.
10:26 Emphasizing the role of systems in making a business transferable.
11:48 Planning for your ultimate exit and personal reinvention.
14:08 Thinking about life beyond business and personal values.

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posted by Abterodei3