Had the absolute pleasure to do the first Facebook Live for the Ambitious Entrepreneur Show, with Annemarie Cross, discussing all things What Is Your Business Worth?A most interesting experience which all went rather smoothly thanks for the impressive skills of Annemarie on the control panel.
It was a good solid conversation about what Business Owners should be doing in their business that will actually be of value come exit and/or sale time. Many Business Owners are guilty of doing the activities they like to do and are even good at, as opposed to the ones that add the most value and need to be done.
My view is why be in business if you’re not planning to build it into an Asset?
Had the pleasure of talking to Jacki Mitchell of Taking Care of Business for rpp.fm and Lauren Clement about How to Add Value to Your Business, both in terms of personal branding and actual realistic business activities and initiatives, like finding out What your Business is Worth on a regular basis via an annual Appraisal. This enables far more informed decisions to be made when the time comes to make BIG life ones including what do I do with my business…
I invite you to listen to my latest chat on rppfm.com.au “Taking Care of Business” with Jacki Mitchell, where we discuss fundamentals around wanting to sell your business.
A delight as always, especially having the opportunity to be on-air with the wonderful Alisa Camplin.
“Give yourself time – lots of it – if you want achieve the best outcome in selling your business.”
This is what I said to the good folk at BEmedia production recently, when they interviewed me for their Business Essentials Audio Programs…
If you’re thinking about selling your business, how about giving yourself three years to plan it all? That’s how long exit strategist Denise Hall would like to prepare a business for sale. There’s much to consider, she says. And don’t forget that an important ingredient is YOU and want you want in life when your business is finally behind you. Denise offers a 5-point checklist on what you need to consider before selling up.
Listen to it all hear…
Want to start this process softly softly, then I invite you to complete the Sellability Score questionnaire. It will provide a line-in-the-sand starting point, from which to build the plan. Once completed, I’ll be the one contacting you to talk through your plans.
I had the pleasure of talking with Lorraine Pirihi, from Relaunch your Life, about what is involved in selling a business and why it is imperative to start the process early.
Yes, that old chestnut. Start with the end in mind, regardless of how old the business is!
There’s much to consider, but the main takeaways are:
Formulate your “A” team
Understand timelines
Be prepared to invest in accessing the specific skills sets you need to help
Get the business sale-ready
Be really clear what you’re going to replace the business with in your life…
If this is a conversation you want to explore further, feel free to contact me on dhall@businessbrokers.com.au
