S5E3 – The 5 Key steps for selling your business With Darryl Bates-Brownsword
- S5E3 - The 5 Key steps for selling your business With Darryl Bates-Brownsword Sean Tepper 40:30
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Did you know that 80% of business deals fall through? In other words, 80% of business owners who try to sell their business, do NOT have a successful exit. Are you a business owner looking to sell your business someday? If the answer is YES, then It’s essential to start preparing for your exit well in advance to ensure a smooth transition and maximize the value of your business. By following a structured approach and focusing on key areas, you can increase the attractiveness of your business to potential buyers and ensure a smooth transition when the time comes to exit.
In this episode of the Payback Time podcast, show host Sean Tepper sits down with a mechanical engineering and management consultant who has a passion for helping small and mid-size business owners successfully sell their businesses. Darryl Bates-Brownsword the founder of Succession Plus explores the steps you can take to get your business exit-ready, with a focus on strategic planning, systemizing processes, and building value for potential buyers.
Key Timecodes
- (00:59) – Show intro and background history
- (04:22) – Some lessons learned on his journey
- (07:30) – Deeper into his background history and business model
- (09:37) – Understanding his business strategies
- (11:53) – Why business owners fail
- (17:21) – Deeper into his business tactics
- (21:21) – Understanding his business selling strategies
- (32:09) – A key takeaway from the guest
- (39:22) – Guest contacts
