Many business owners will say they want to develop an exit strategy just because they’re fed up and want out of their business.
However, there is a profound relationship between the valuation of the business and its stage of development.
Say for example a business is cash flow positive but the owner is working 60-80 hours a week. With the business at this stage, you’re basically selling a job. The buyer will have to come in and work that business as a day job (or hire some to do so). For that reason, the business at this stage is going to be worth much less than a business with little to no involvement required by the business owner.
The higher the business is in its organisational development the higher the multiple of earnings the business will fetch at the time of sale.
Attend this webinar to learn:
The 8 step high-level process for developing your exit strategy which you need to start implementing way before you’re ready to sell.
The 5 stages every business goes through (and how this crisis may have moved you backward or forward) so that you can concentrate on the right activities for your stage of business.
The profound relationship between the valuation of the business and its location on these 5 stages.
The 11 common mistakes to avoid in exiting a privately owned business.
Clarity about where your business is and how to focus its development so as to maximise in value on your exit. (even in rough times like right now)
This will be a content-filled, no fluff presentation.
Thursday 16th July 11:00 am BST