Why Should I Be Thinking About Exiting My Business?
Description
In this episode, hosted by Jason Langford Brown founder of the Director Circle, practicing business advisor and coaching psychologists - we look at why, when and how you should be looking at exiting your business.
Along with Chasz Coulsting who is the Director of Corporate Finance at Crowe UK, they look at the right time to start planning your exit from the business.
- Identifying the correct process - and people - to take over
- When to tell other people in the business
- When and how to approach buyers, or accept approaches from buyers
If this is something you are thinking of - listen to this episode. If this is something you haven't been thinking of - you definitely have to listen to this episode.
Timestamps
00:00:13 Why thinking about selling is crucial now.
00:04:17 Owner-managed businesses discuss exit plans & retirement.
00:06:51 Frustration for clients wanting to exit business.
00:11:16 Exit potential, management team, and suppressed price.
00:14:03 Planning ahead: management team, strategy, maximizing value.
00:17:18 Plan for management and continuity of business helps increase pool of buyers.
00:21:22 Business leaders struggle with finding worth beyond being busy; recalibration is necessary to maximize value and achieve personal goals.
Chasz can be found here:
linkedin.com/in/chasz-coulsting-56075441













