Podcasts Business Invest Like a Boss 169: Exit Rich - How to Sell Your Business for Huge Profit

169: Exit Rich - How to Sell Your Business for Huge Profit

Published: Feb. 2, 2021, 3 p.m.

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Seiler Tucker\\u2019s twofold approach to selling your business for maximum profit combines two of the most powerful elements of her mergers and acquisitions toolkit: the \\u201cST GPS Exit Model \\u2122\\u201d to help business owners set goals for the sale before their business hit the market, and the \\u201cSix Ps Method \\u2122\\u201d to help them objectively evaluate their business\\u2019s worth, before their potential buyers do. Combined, these tools provide invaluable insight into the process of preparing a business for sale, finding the right buyers, and staging the sale itself.

In Exit Rich, author and authority on buying, selling, fixing, and growing businesses, M&A advisor Michelle Seiler Tucker joins forces with Sharon Lechter, finance expert and co-author of Rich Dad Poor Dad, to create a must-have guide for all business owners\\u2014whether they\\u2019re gearing up to sell a business now or just getting started building out their company into something to sell for a profit in the future. Throughout the book, Sharon Lechter\\u2019s wisdom anchors each chapter with a \\u201cMentoring Corner\\u201d section providing forward-thinking entrepreneurs with the perspective they need to take control of their business\\u2019 futures and exit rich. Seiler Tucker\\u2019s brilliant twofold approach to selling your business for maximum profit combines two of the most powerful elements of her M&A toolkit: the \\u201cST GPS Exit Model\\u2122\\u201d and Seiler Tucker\\u2019s \\u201c6 P Method\\u2122.\\u201d Combined, these tools provide invaluable insight into the process of preparing a business for sale, finding the right buyers, and staging the sale itself. Michelle\\u2019s exclusive techniques have proven successful in many industries and across multiple business platforms. In Exit Rich, you will get a step-by-step blueprint for maximizing your business profits, as you learn how to evaluate your business, when to sell it, and how to work with the top business authorities to make that happen.

Listen to ILAB 169 on iTunes here or subscribe on your favorite podcast app.

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Where we are:

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Sponsor:

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Discussed:

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Time Stamps:

  • 12:22 \\u2013 When should you prepare to sell your business?
  • 14:13 \\u2013 How do you determine a fair value for your business?
  • 17:25 \\u2013 Why do you think a lot of businesses don\\u2019t sell?
  • 18:18 \\u2013 Can you explain your \\u201cGPS Exit Model\\u201d?
  • 24:48 \\u2013 What are \\u201cthe 6 P\\u2019s\\u201d ?
  • 41:01 \\u2013 What do most people overlook when selling their business?
  • 43:45 \\u2013 What can slow down or stop a sale of a business?
  • 45:46 \\u2013 Is it easier to sell a 2-Mil business than a 100-Mil Business?
  • 47:47 \\u2013 What are some of the fees involved when selling a business?
  • 50:44 \\u2013 What makes this book different from your other two books?
  • 54:41 \\u2013 Why should people buy the book?\\xa0
  • 57:28 \\u2013 Johnny and Derek review

If you enjoyed this episode, do us a favor and share it! Also if you haven\\u2019t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!\\xa0

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