Selling Your Business: Essential Tips for a Profitable Exit - Built Different
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Selling Your Business: Essential Tips for a Profitable Exit - Built Different
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In this solo episode of the Built Different podcast, host Stephen Pettigrew tackles the frequently asked question of how to sell a business for a life-changing sum of money. Stephen highlights the importance of tracking financials, including maintaining management accounts, cash flow forecasts, and sales forecasts. He stresses the need for a second-tier management team and having predictable, consistent sales strategies in place. Stephen also shares real-life examples and offers further resources for those interested in detailed guidance, encouraging listeners to reach out via LinkedIn and subscribe to the podcast for more insightful content.
Find My Socials Here: https://linktr.ee/stevenpettigrewinvestor
Time Stamps:
00:00 Introduction to Selling Your Business
00:19 Key Fundamentals Buyers Look For
00:24 Importance of Financial Tracking
00:51 Case Study: The Edinburgh Business
01:29 Building a Second-Tier Management Team
02:13 Ensuring Predictable Sales
02:38 Conclusion and Further Resources