Mark Osborne explains why small business exits matter and what owners get wrong. Most founders don't plan ahead, which tanks the business's value and makes it harder to sell or pass down. Starting early with the right structure fixes this.
small businesses, you know, whether they're Main Street businesses or just, you know, sort of mid-sized, not these giant corporations, are really the backbone of economies, uh, whether that's an economy in a particular niche like, you know, like wine, or, you know, economies in other areas, you know, related to other business services. And so ensuring a successful exit is not only about, you know, sort of ensuring the best outcomes for the owner, but also Ensuring the continuity of the business and that it continues to run and, you know, be successful. As you think about it from that perspective and sort of the impact that it can make, what are some of the, you know, kind of most common preventable mistakes? You've got so much, you know, sort of expertise and you've seen so many of these transactions. What are some of those things that you can do upfront to ensure better transferability, better longevity of the business, even after that founder exits?
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
