Discuss choosing a right buyer with broker & business consultant Dan Scherotter

Today we look at the process of selling your business. You may hear of this process referred to as The Deal or the Transaction. Your deal, or transaction, is the culmination of your years of hard work, blood, sweat, and tears. The amount of money you walk away with is dependent on a number of variables. I hope that your biggest takeaway for my shows this month is that preparation is your key to successfully selling your business. Selling your business is a process. Today, I want my guest to give you a peek at what happens behind the curtain of the deal. I want you to be ready for the business colonoscopy. I want you to be so prepared, so ready, that you don’t feel a thing! We’re going to talk about the things owners do that get in their own way, that they do wrong, or how they subconsciously sabotage the entire deal! This happens all too often. Michael and I want you to know what you don’t know. What you don’t know can definitely hurt your deal. Finally, Michael and I share our recommendations for steps that you can take to sell, and then integrate successfully once it’s sold.

A lot of you plan to sell your business one day. However, the odds of successfully selling your business are against you. Did you know that there are ways to stack the odds of selling successfully in your favor? Today Mike Metzger of Murphy Business Sales and I discuss the steps that you can take to prepare your business to go on the market. We look at the things that you can do to build value in your business. We discuss the most common mistakes that business owners make when putting their business on the market. Mike and I want you to know what you don’t know. What you don’t know can definitely hurt your business. Finally, Mike and I share our recommendations for steps that you can take to prepare your business to sell, and then integrate successfully once it’s sold.