In this episode I am joined by Marvin Storm, founder of the Business Exit Stories Podcast and author of the book ‘Pack Your Parachute – How To Double The Amount Of Money You Put In Your Pocket When You Sell Your Business’
Marvin discusses the ways in which you can ensure you achieve a far higher return on the sale of your business when the time comes, and make sure that your financial future is in much better shape as a result.
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Every entrepreneur has to, at some point in their journey, consider their exit strategy. This can take the form of sale, or even retirement, but it’s a part of the business journey that is inevitable.
Buyers of businesses are thorough. They’re in the market for a solution to people’s problems that can be monetised. Make sure your business is serving a need and it will be far more attractive to potential purchasers.
With tumultuous changes in the business landscape, there are many opportunities to be had in terms of buying businesses. Many owners are looking for exits.
Strategic business owners will always prepare for the worst ahead of time. We don’t pack a parachute while the plane is going down – we do it beforehand in case of difficulties.
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