How to Make a Great Exit From Your Business

03/04/2023 24 min
How to Make a Great Exit From Your Business

Listen "How to Make a Great Exit From Your Business"

Episode Synopsis

In this episode of the Prime Resources Podcast, BDR’s Head Coach, Ronda Chaney, talks through what it means to make a great exit in your business, important factors in the process, and what contractors should start doing now to prepare for their eventual exit.Whether you’re gearing up for a sale now or still have decades ahead in your company, listen as we dig into the resources available to you in preparing to make a great exit from your business!https://www.bdrco.com/value-builder/Time Stamps(00:57) What does it mean to make a great exit from your business?(03:09) QUIZ: What does EBITDA mean?(07:06) How do most contractors exit their business?(08:33) What is the biggest surprise to most contractors once they start thinking about exiting?(12:33) What two factors are highly crucial to the exit process?(19:33) How far in advance of exiting should contractors start their preparations?(21:30) What resources are available to help contractors through this process?(22:43) Final Thoughts