The Benefits of Creating a Sellable Business
Sep 20, 2023I hold the belief that every business owner should construct their business with the perspective that it may eventually be sold. This perspective isn't rooted in the assumption that everyone necessarily aspires to sell their business. Rather, I firmly contend that adopting this mindset empowers you to establish enduring processes and systems, capable of enduring the test of time, regardless of your presence.
Ultimately, none of us can foresee the future, and in the event of unforeseen circumstances affecting you or a pivotal figure within your business, would your business continue to thrive? Erecting systems and procedures that facilitate the ongoing operation of your business not only augments its long-term vitality but also opens the door to the possibility of making it marketable, thus benefiting other businesses.
What you’ll hear in this episode:
[1:17] Discover the rationale behind developing your business with sellability in mind, regardless of your intent to sell it.
[2:45] Explore essential facets of a marketable business.
[4:08] Gain insight into my long-term vision for Fitnancial Solutions.
[6:23] Learn strategies for divesting portions of your business while retaining control of your core operations.
If you like this episode, check out:
Why 100% Employee Retention Should Not Be Your Goal with Jason Weinstein
Tips for Negotiating Business Deals
Questions to Ask Yourself as a CEO
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
