Ready To Sell? How To Get What You Want From Your Exit
Ready to make your business an offer that can't be refused by a buyer? Picture yourself selling your business with a perfect deal, meeting all your personal and financial goals. The key is to know what you really want out of your exit. Many business owners overlook this important step, but today, you'll learn how to think about what you want from your exit properly.
It's important to know what you want to get from selling your business. This will guide your choices.
Things to consider about your exit:
Example: Steve, the owner of a small financial consulting business , wanted time for new projects in his life. It was important to him to negotiate a deal that let him leave the business quickly post-acquisition.
These are your deal-breakers. Knowing them means you won't give up what's most important to you.
What a deal-breaker could look like:
Visualizing your exit can help you stay focused and motivated.
One of the exercises I get clients to do is a powerful visualization:
Now, do the same. Write yourself a pretend check. Write down how much you want to get, when you want to sell, and your deal-breakers. Keep this check where you'll see it every day and spend time picturing your successful exit.
By knowing what you want from your exit, you're setting yourself up for success. Stay focused, be prepared, and look forward to your next chapter.
These steps and the right mindset will help you exit your business successfully. Remember, being clear is key. Know what you want, your deal-breakers, and visualize your success. Here's to your big exit!