Ep. #119: 10 Things to Consider When Acquiring & Exiting a Business
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Ep. #119: 10 Things to Consider When Acquiring & Exiting a Business
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This exclusive episode, taken from my eLearning program (link below), dissects 7 critical factors to consider when buying a business and 3 essential steps to take when selling yours.
Key Takeaways:
Buying a Business:
- Financial Health: Evaluate the financial statements and profitability.
- Market Position: Understand the business’s position within its industry.
- Customer Base: Analyze the customer demographics and loyalty.
- Growth Potential: Assess opportunities for expansion and scalability.
- Operational Efficiency: Review the efficiency of current operations.
- Legal Considerations: Check for any legal issues or liabilities.
- Cultural Fit: Ensure alignment with your values and business philosophy.
Selling Your Business:
- Optimize Financials: Ensure your financial records are in order and demonstrate profitability.
- Value Proposition: Clearly articulate the unique value your business offers.
- Preparation for Transition: Prepare for a smooth transition by documenting processes and training key personnel.
Includes detailed insights and actionable advice on making informed decisions when buying or selling a business.
↓ 𝗡𝗘𝗫𝗧 𝗦𝗧𝗘𝗣𝗦 ↓
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