Listen "The Perfect Exit: Knowing When To Sell | ft. Cameron Bishop | Ep. 459"
Episode Synopsis
In this episode, host Matt welcomes Cam Bishop from Raincatcher.com for the second part of the mini-series, "Selling Smart: How Trade-Based Businesses Can Build and Sell a Profitable Business." If you missed the first part, make sure to check it out for insights into the five critical mistakes that can ruin your business sale.⏱️ Timestamps:00:00 "Life After Selling a Business"05:06 Skiing Without Purpose: A Job?09:14 "Criteria for Family Business Success"12:27 "Rethinking Business Strategies"15:20 When to Sell Your Business18:02 "Determining the Right Time to Sell"23:20 Navigating Business Exit Conversations26:59 "Choosing Buyer Beyond Highest Bid"31:22 Buy-Sell Agreement Importance34:24 Generational Business Strategy Success36:06 Strategic Business Sale Timing39:03 Send Questions for Future AnswersTakeaways:Why the perfect time to sell is often personal, not just financialEssential steps to prepare your business years before you exitHow legacy, employee loyalty, and family complicate the saleCam also shares stories about legacy, succession planning, and the emotional realities owners face after the sale, offering practical advice on how to approach exit planning proactively—rather than reactively—and avoid common pitfalls. Whether you're thinking about selling now or ten years down the road, this episode is packed with valuable perspective and actionable steps to help you plan for a successful and meaningful business transition. Don't let your business fall behind—explore the power of AI with Tradie Hub. Visit tradiehub.net to see the innovative AI tools crafted just for tradies. Discover how you can stay ahead and transform your business with cutting-edge technology! 🧰 Want Access To Tools & Training from Industry Leaders? Join Tradie Academy, our free community packed with templates, checklists, and resources shared by podcast guests, coaches, and successful tradies.👉 Join free and grab your next growth tool. 📲 Stay Connected: Facebook: The Site Shed Instagram: @thesiteshed LinkedIn: The Site Shed Website: thesiteshed.com Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed ⭐ Enjoyed This Episode? Leave us a review here! Google Facebook Spotify/Apple
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