Podcast Ep. 129 Justine McLean - What's your exit strategy - how to set up your business to sell

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Ever wondered how to sell your business? Not just make a sale, but a successful one? 

In this episode I'm unlocking the secrets of building a business with a successful exit strategy in mind. We'll discuss the thinking that needs to go into your entrepreneurial journey, right from the outset. It's not just about when it's the right time to sell, but also about the financial goals you should be aiming for and how to emotionally separate yourself from your business when the time comes. We'll also emphasise why a solid business foundation is essential to attract potential buyers and ensure a successful sale.

We also undercover:

• How to maximise your business's profitability and growth. 
• Why documenting your standard operating procedures is key pre-sale, and,
• How to build a team that can transition smoothly. 

I'm sharing the importance of building strong customer and supplier relationships and timing your sale for the greatest possible impact. 

In addition, this episode explores the often overlooked aspects of business sales like ensuring all the necessary legal paperwork is in place and considering intellectual property rights. Buckle up for an episode filled with valuable insights and advice for entrepreneurs planning to sell their business.