1. 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
Sean Tepper Founder and CEO of Tykr

I’m the Founder and CEO of Tykr, a platform that helps beginner and advanced investors manage their own investments with confidence.

Our platform helps people find strong stocks, avoid risky stocks, and learn how to invest along the way.

We offer a 14-day free trial (no credit card required).

And if you ever hear me mention Tykr, I always say, “Don’t listen to me, please go to Trustpilot to see what our customers have to say. We have a 4.9/5.0.”