Ep. #119: 10 Things to Consider When Acquiring & Exiting a Business

MODELS OF MASTERS w/ Michael Becker

This exclusive episode, taken from my eLearning program (link below), dissects 7 critical factors to consider when buying a business and 3 essential steps to take when selling yours.

Key Takeaways:

Buying a Business:

1. Financial Health: Evaluate the financial statements and profitability.
2. Market Position: Understand the business’s position within its industry.
3. Customer Base: Analyze the customer demographics and loyalty.
4. Growth Potential: Assess opportunities for expansion and scalability.
5. Operational Efficiency: Review the efficiency of current operations.
6. Legal Considerations: Check for any legal issues or liabilities.
7. Cultural Fit: Ensure alignment with your values and business philosophy.

Selling Your Business:

1. Optimize Financials: Ensure your financial records are in order and demonstrate profitability.
2. Value Proposition: Clearly articulate the unique value your business offers.
3. Preparation for Transition: Prepare for a smooth transition by documenting processes and training key personnel.

Includes detailed insights and actionable advice on making informed decisions when buying or selling a business.

↓ 𝗡𝗘𝗫𝗧 𝗦𝗧𝗘𝗣𝗦 ↓

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