EP08: How to Maximize an Exit Plan

07/03/2023 15 min
EP08: How to Maximize an Exit Plan

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Episode Synopsis

Thirty years in entrepreneurship taught me how to see the very best value for a business and how to get it. From my experience, there's loads of over-promising, and only some of those who set out to sell their companies actually do.  ✔️ With all the noise, B.S., and overpromises in the business world, staying connected with other business owners is crucial. Growing an expansive network offers combined opportunities to maximize an exit plan. The key is having a team and a great network to get the best possible price for your business when it's time to move on.  ✔️ Many organizations we consulted with went down the broker route, and the desired outcome wasn't realized. There have been cases where the projected sale amount was high, but it still didn't end up selling, leaving everyone frustrated. It is wise to wait to sell and focus on talking to buyers who will accept your asking price.  ✔️ If you had the opportunity to get more money out of your business by partnering with the right group, would you take it? Of course, you would. Many owners know their business isn't worth a lot but think about the possibilities when you join a bigger venture. Find the right partner and discover what your business is really worth. Let's talk! Send your company info to [email protected] 📩 WATCH this episode of 𝙒𝙚𝙚𝙠𝙨 𝙒𝙚𝙚𝙠𝙡𝙮. ▶️ How To Maximize An Exit Plan Key moments:  [00:01] Introduction: Welcome back to Weeks Weekly [01:33] The benefits of coming together to potentially have us all meet our exit goals a lot sooner [04:29] Overpricing and brokers [07:24] The real disconnect  [10:26] A very glaring trend and opportunity in buying/selling [12:31] Work with the big ones in our space, increase your value and participate in fun roll-ups --------------- Know more about ED's company: https://hvmediagroup.com/ Connect with ED on socials: Facebook: https://www.facebook.com/edweeksjunior  Instagram: https://www.instagram.com/edweeksjunior/  LinkedIn: https://www.linkedin.com/in/edweeksjr/  Twitter: https://twitter.com/edweeksjr

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