In this episode, Shannon discusses the essential phases of selling a business. She breaks down four critical stages—from making an offer and conducting due diligence, to performing a valuation and transition planning. Drawing from personal experience, Shannon offers valuable insights to help entrepreneurs navigate the complex process of selling their business smoothly and profitably. Tune in for a comprehensive guide on what to expect and how to prepare for a successful business sale.
What you'll hear in this episode:
04:07 Plan for risks; consult lawyer; validate terms.
07:36 Due diligence and valuation crucial for selling.
10:23 Business transition planning involves intricate processes.
15:25 Partner with professionals, follow phases, plan transitions.
If you like this episode, check out:
The Best Way to Get Out of a Business Funk
What We Learned From "Un-Scaling" This Year
3 Ways to Become a Better Small Business Customer
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
