Sarah Djamshidi: How to Have a Successful Exit Strategy for Your Business.

Meet Sarah Djamshidi, the owner of Speedshift Advisors. She is an exit strategy advisor and licensed banker who works with clients to obtain a successful exit strategy as defined by what’s really important to them. She has been doing this for over 2 decades and has worked with over 200 companies and has even testified in the US senate over small business issues.

In this episode, Leah speaks with Sarah on the importance of business owners having an exit plan in place.

Listen in to learn why you should target a successful exit from your business from the very beginning.

What you will learn:

• [1:34] Why you should think about the exit strategy as a business owner.
• [4:11] The importance of having a succession plan and a road map in your business to ensure things still work smoothly in case you pass on.
• [7:52] How to have a successful exit plan. What have others done previously?
• [12:39] Why you should start planning your exit from the beginning by doing things strategically for a happy post-exit.
• [17:26] Sarah shares how her company tackles the things that bring unhappiness and a sense of loss when exiting a business.
• [21:50] Ways in which you can still impact the industry you’re in even after selling your business.
• [22:42] Why an exit plan is a process and the questions you need to ask yourself before targeting for liquidity.
• [23:29] The importance of building things outside of your business that you can fall onto if things don’t work out in liquidating your business.

Relevant Links:

Website: Hightower Bethesda

Facebook: https://www.facebook.com/HightowerBethesda/

LinkedIn: https://www.linkedin.com/company/hightowerbethesda/

Twitter: https://twitter.com/HighTowerBethsd