As a business-owner who is ready to sell, what can you do to increase the value of your company prior to selling it? What steps would you take in advance of a sale to ensure that the business is in good shape for a potential buyer?
This week's The Dave Kittle Show episode, Dave Kittle will be joined by Chris Younger. Chris co-founded Class VI in 2005 with a mission to Enable the Entrepreneurial Spirit. Sharing a passion for what entrepreneurs mean to our community, Chris and his business partner David Tolson felt they could do a better job for business owners and have had a great time helping clients ever since. Chris is a graduate of Miami University and Harvard Law School and has also studied at The London School of Economics.
Learn more about Christ Younger at classvipartners.com/our-team/chris-younger/
Get a copy of his book: Harvest: The Definitive Guide to Selling Your Company
We will touch on such topics as:
What are the most common value detractors and small to medium sized businesses? The best and worst transition or exit stories that Chris has come across and interacted with in his 30 years of deal making? What can owners do in advance of a sale to maximize the value?The biggest mistake that business owners make is really lack of preparation.Your business value is a combination of two factors. One: How risky is the business perceived to be by a buyer? Two: How credible is the growth plan?The number one risk that businesses have is too dependent on the owner.What’s the best return on investment you will get of any time you’d spend on your business? As entrepreneurs, we know how hard it is to build a business, let alone build a business to be successful enough where it could be sold.
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