In this episode, Scott Bushkie discusses the mindset of business owners when it comes to selling their businesses, highlighting key findings from a recent survey. He emphasizes the importance of exit planning, understanding the true value of a business, and the advantages of working with M&A advisors to navigate the selling process. The conversation also covers the significance of multiple offers in maximizing sale value and the common regrets business owners face after selling.

Key Takeaways

• Business owners often lack knowledge about the selling process.
• Many business owners plan to exit only when unable to continue.
• A significant percentage of owners have never had a business valuation.
• Exit planning is crucial to avoid regrets after selling.
• Understanding all exit options can prevent poor decisions.
• The market is seeing a surge of baby boomer business owners looking to sell.
• Multiple offers can significantly increase sale value.
• Buyers often control the process without an advisor's help.
• Education and preparation are key to a successful sale.
• Working with an M&A advisor levels the playing field for sellers.

About the Show

The M&A Mastermind Podcast delivers actionable insights and proven strategies for lower middle market dealmakers. Join host Nick Olsen and top industry experts as they discuss industry intelligence, deal management, shared successes, specialized expertise, and much more. If you serve the small to medium-sized business owner, this show will offer you tactics and insights you can use and implement, now, to become a master in M&A.

Tune in Every Week

Subscribe: https://www.youtube.com/@UCl0qSCwwZLyZxY7RnqNghiw

Apple: https://podcasts.apple.com/us/podcast/the-m-a-mastermind-podcast/id1726394585

Spotify: https://open.spotify.com/show/4fpVjEXbJ0FXKMgEK0m7QQ

Find all our episodes at https://cornerstoneia.com/podcast/

Connect with our guest, Scott Bushkie:

https://www.cornerstone-business.com/white-paper/unsolicited-offers-vs-the-power-of-multiple-offers/

https://scottbushkie.com/

https://www.linkedin.com/in/scottbushkie/

Keywords

Mergers & acquisitions, business owners, exit planning, selling process, business valuation, M&A advisory, private equity, survey findings, business mindset, multiple offers, financial freedom