Is Your Business Just a High-Paying Job You Can't Sell? In this interview, M&A expert Cameron Bishop explains the critical difference between a valuable, transferable company and a "lifestyle business" that is almost solely dependent on the owner for its success and has no real exit value.Cameron also shares the craziest story he's ever seen in an acquisition: a former owner who came back and took her old company's file cabinets hostage with chains and padlocks . He breaks down the most common reasons businesses fail to sell, including terrible accounting and customer concentration, and tells the story of a client who walked away from an extra $4 million to take a lower offer for a better lifestyle. Check out the company: https://raincatcher.comBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - Introduction to Selling a Business00:53 - She Took Her Former Company Hostage with Chains & Padlocks04:03 - The #1 Reason Your Business Is Unsellable05:14 - Is Your Business Just a High-Paying Job You Can't Sell?07:24 - Can AI Create a Sellable "Lifestyle Business"?11:44 - The 3-Year Runway You Need Before You Sell16:58 - Post-COVID Motivation: "I'm Just Sick and Tired of Hiring"26:07 - How a Single Vendor Made a "Money Machine" Unsellable29:25 - Final Advice: Selling Your Company Is a Full-Time Job📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.ai Hosted on Acast. See acast.com/privacy for more information.

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