EP 43 | Six Secrets to a Successful Business Exit Strategy
Update: 2024-06-04
Description
So, you’re ready to sell your business you built from the ground up - what’s your motivation? That’s the first question you should ask yourself.With over three decades of experience in finance and investment, Kirk Michie, Managing Partner of Candor Advisors, joins Stephen on this episode to discuss the Wild West of exit strategies.Kirk starts by emphasizing the "WHY" – how your motivations can guide the entire sale process and ensure a more favorable outcome.Whether you're contemplating selling your business now or in the future, this episode is packed with practical advice and expert perspectives to help you navigate this complex path to profit.They discuss:
- Kirk’s journey to managing partner
- How to find the right buyer
- How to be a strategic buyer
- Starting with WHY
- The importance of due diligence
- Real client stories
- Why you should ignore “comparison is the thief of joy”
- How you can increase valuation
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