A marketplace expert explains what business owners should do differently when planning to sell within five years versus running for the long term. Key focus: the strategic steps that separate successful exits from common pitfalls entrepreneurs miss.
You obviously have a very transactional focus. I mean, you are a marketplace for businesses, and so you have a lot of visibility into something that, you know, a lot of entrepreneurs might do once in their life. You know, they'll found a company, they'll run it for a long time, and then they'll have one exit, one sale. But so you bring a lot of, you know, expertise there. What are some of the, you know, sort of pitfalls that you see And you and I have talked about this a little bit before, of kind of the differences in how you run a business if you're going to run it forever, or at least 10 or more years, versus the things that you should be doing in your business if you're thinking about preparing it to sell. What are— what's some advice that you might offer to, you know, folks that are thinking about maybe within 5 years I'm going to think about, you know, selling? What are some of the things they should start doing?
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
