When and How to Exit Your Business Gracefully
Have you ever considered selling your business?
Can you imagine yourself walking away with a BIG paycheck?
If so, today’s episode is the right one for you.
Mike has sold five businesses, and his special guest, Joey Osborne, just had a successful EXIT a few months ago.
Joey actually walked away with an eight-figure paycheck, after being acquired by a private equity firm.
Today, they'll be discussing the five MOST IMPORTANT things that any business owner needs to know to get acquired.
What You’ll Learn in This Episode
- How to position your business
- How to become attractive
- The importance of mindset and preparation
- Their biggest mistakes and life lessons related to exiting a business
Don’t miss this one! They don’t ramble about spreadsheet data and ratios.
They cover the PRACTICAL, non-average, and non-obvious things around selling your business.
Mike knows you’ll find it super valuable, so click play and let’s dive in!
Key Takeaways
- “The Big Reward Was Worth the Grind”: Joey’s Backstory (04:23)
- Why Did You Start to Consider Selling Your Business? (18:20)
- First Offer Gone Wrong and Lessons Learned (21:40)
- Build a Financial Fortress Around Your Family (30:19)
- The 5 Most Important Principles in Preparation for an Acquisition (36:56)