Key Takeaways:
Begin with the End in Mind: Continuous planning from the inception of the business for an eventual sale or exit.
Create a Strong Team: Include a CPA, attorney, financial advisor, and possibly a business coach or therapist to navigate the complexities of selling a business.
Market Awareness: Understand the current market for your business to position it effectively for sale.
Financial Preparation: Ensure your financial records are...
Key Takeaways:
- Begin with the End in Mind: Continuous planning from the inception of the business for an eventual sale or exit.
- Create a Strong Team: Include a CPA, attorney, financial advisor, and possibly a business coach or therapist to navigate the complexities of selling a business.
- Market Awareness: Understand the current market for your business to position it effectively for sale.
- Financial Preparation: Ensure your financial records are impeccable and reflect the true value of your business.
- Emotional Readiness: Prepare emotionally for the transition out of business ownership to avoid regret or uncertainty post-sale.
Chapters:
Timestamp Summary
0:45 Crafting a Strategic Business Exit Plan
3:00 Preparing Your Business for Sale and Post-Transition Success
6:57 Setting the Stage for a Successful Business Exit
10:56 Investment Guidance and Risk Awareness for Listeners
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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