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Business Ready For Sale

If you are a business owner this PodCast is for you! It's all about turning businesses into saleable assets. Because a business that's "ready for sale" is well worth keeping! On these podcasts there are interviews with successful business owners, entrepreneurs, topic experts, business valuers and brokers and thought leaders on all aspects of growing businesses and turning them in to valuable, saleable assets. My background is as a business owner, business broker and business owner mentor and I put all that experience together here to benefit other business owners. I believe you can build a business as if you are going to keep it for ever, but could sell it tomorrow. Give yourself OPTIONS because one day you WILL exit your business. Subscribe now and become a business owner taking action - which just happens to be the name of my business owner membership groups. Checkout my website at businessreadyforsale.com

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Business Ready For Sale

What do Ski Jumps & Business Sales Have in Common

July 29, 2022 • John Denton • Season 2 • Episode 2

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In this episode I tell my story of selling a registered training business I owned with a partner and how we got it all wrong and failed to sell. Then, with good advice and being better prepared, we were able to sell quickly, easily and got 20% more for the business.

When you start the process to sell your business, think of it as being like stepping out onto a ski jump. Once you get started there is no turning back. Emotions can take over and the momentum builds and life speeds up. If you are not totally prepared it can end in a mess. Like on a ski jump!

OK, in a business sale you can stop the process in the early stages. Once the contract is signed it is very difficult to stop. My point is that before you start the process make sure of the following:

You are totally commited to the sale
You understand what is involved in the sale process
You have a really good understanding of what your business is worth
You know what your dream sell price and minimum sell prices are
You have assembled your team
You have a plan for what you will do after the sale
You are prepared for the long haul - it can take a long time

Listen to the whole episode and then check out my links below:

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