So, you've built a business from the ground up, shed a little blood, a lot of sweat, and probably some not-so-pretty tears. Now, the thought of an âexitâ is on your mindâwhether itâs about cashing in, passing it on, or even retiring on a beach. But preparing your business for a smooth and profitable exit? Thatâs an art, my friend. So, letâs dig into what it takes to sell smart, sell high, and leave with no regrets.
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Start with the Big Question: Whoâs Buying?
When it comes to selling, you need to know your audience. Turns out, Wall Street is looking for Main Street businesses. As we covered in our recent episode of The Liquid Lunch Project with Jordan Wagner, private equity firms are interested in the âboringâ essentialsâthink HVAC, plumbing, and property management. Why? Because these businesses offer steady, recurring revenue and a reliable customer base. So, if youâre the proud owner of a âboringâ business, know that you might be sitting on a goldmine.
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Nail Down Your Numbers
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