Speaker (Mark Simpson) advises business owners to prepare their businesses for sale even if they are not currently planning to sell. He emphasizes performing a thorough self-assessment of finances — income, expenses, debts, and profits — and recommends starting preparation now so you are ready if you decide to sell or pursue other interests.
I want you to really take notice even if you're not considering selling because you need to think about preparing your business for sale. But if you have got other interests, if you've got something that you want to pursue, maybe it's time to sell. If your passion has changed, you need to do a massive self assessment. You learn to look at your income, your expenses, your what you've got in debt, what profit you've got. I think the best thing to do though, however, is get started now so you are ready.
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