I was invited onto Cathy Smith’s ‘Small Business Talk’ podcast, all the way from Australia, to discuss a variety of issues relating to selling a business, and preparing to sell a business, based on my own experiences.
Here’s what we covered;
01.18 – When should your business be ready to sell
02.30 – The first step; make yourself redundant
03.30 – The ‘holiday test’
04.30 – The importance of delegation
08.00 – Ensuring the Business Owner is doing the ‘right’ things
11.40 – Get your paperwork in order
16.20 – Record your data at industry standards
19.30 – Be aware of market values in your sector
23.00 – Add backs in valuations
26.00 – Timelines for preparing to sell your business
26.30 – Debt and cashflow control in preparation for selling a business
27.30 – What would you ask if you were BUYING a business?
28.00 – tactics to prepare for sale and house DIY
29.30 – Key takeaway to preparing to sell your business
30.00 – It doesnt need to be lonely at the top
33.00 – The best advice I’ve been given
34.00 – The biggest help I received in running the business
36.00 – A Business Owner’s ‘non-negotiable’ daily task
37.00 – My favourite business book
38.30 – What I wish I’d known when I started out
If you’d rather listen then either click on the audio link below, or download it so that you can listen in your own time.
You can also listen via Apple Podcast, or Spotify.
If the topic of selling your business, or preparing to sell your business, is one you’d like to look into more, take a look at my ‘11 steps to prepare to sell your business‘.
If you found the above useful then you can also see and hear more of my discussions, interviews and webinar appearances here.
WHAT NEXT?
As I mentioned right at the start of the discussion, if you’d like to discuss how I could help you regarding you not being ‘lonely at the top’, or you feel you need a Business Sounding Board, then please give me a call, drop me an email or connect with me on LinkedIn. Details below. I’ll be happy to have chat with you to explore how I may be able to help you. I’ll be honest and I may not be able to help you myself and in that scenario I’ll try and point you in the right direction.
Still unsure if I can help you? Take a look at What you’ll get from me and what my clients say about me.
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