In this episode, Simone and Joshua Monge, a fractional COO specializing in business optimization, discussed the critical steps business owners should take to prepare for a successful exit.
They highlighted the importance of proper structuring, documentation, and maintaining a scalable business identity separate from the owner. The conversation covered topics such as the value of EBITDA, the role of certified professionals in business valuation, and strategies for addressing operational bottlenecks.
The hosts emphasized the need to start the exit planning process early, get one's financial house in order, and document key processes to ensure a smooth transition and maximize the business's value.
Next Steps for Business Owners:
