Mark Osborne explains why business owners should plan for exit scenarios before they're forced to. Illness, disability, or partner disputes can force an unexpected exit, so running your business as if you're ready to sell protects you against sudden loss of control.
And oftentimes we see that business owners aren't always thinking about the things beyond their control, but that actually wind up being a significant portion of, you know, what causes people to exit. Like there's some disability or disease, or they just don't have the health that they need in order to spend the 60 hours a week that they've been spending on their business. Yeah. Or there's some disagreement with a partner that they weren't anticipating, or the partner has some issue that They never expect it to happen, and that's part of why running your business as if it's ready to exit is so important.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
