Mark Osborne, a certified exit planning advisor, explains why business owners should start preparing to sell years before they actually want to. Most entrepreneurs have 70% or more of their wealth tied up in their business, making advance planning critical to maximizing that value.
I'm also part of the Exit Planning Institute Certified Exit Planning Advisor program. And for all the same reasons, because so many businesses that I've seen just sort of aren't really prepared for what's likely to be one of the largest, you know, sort of transactions or transitions in their life. For most entrepreneurs, 70% or more of their wealth is tied up into their business. And so, if they haven't sort of taken the time to really think through And you and I were chatting earlier and you said something that I thought was really sort of telling, which was that you were talking with a business owner and he said, well, I'm not ready to sell. And you and I were sort of commiserating on, we know you aren't ready to sell and you need to get ready to sell before you're ready to sell.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
