Whether you want to or not, at some point, every entrepreneur will eventually exit their business. Whether you initiate the exit or for unexpected reasons, you’re forced to leave, exiting your business is simply a natural evolution of business growth and trajectory. And because of this, it’s crucial that every entrepreneur starts to prepare for their eventual departure so your exit strategy happens on your terms instead of someone else’s.
In this episode, I explain the benefits of preparing for your exit now and highlight the type of things that can happen if you’re not prepared. I describe the questions we should be asking about ourselves and our business for our eventual exit. I also discuss how life-changing a business exit can be, especially if you’ve wanted to retire for a while.
“You can exit in an extremely positive manner, which can be life-changing.” – Adam Rundle
This week on the Expensive Advice Podcast:
- Reflecting on my conversation with Thomas Smale on exiting your business someday
- Why we should think about exiting now
- What can go wrong if we’re not prepared to exit
- The questions we need to ask in preparing for a business exit
Turning Boring Money into FUN Money
Thanks for tuning into this week’s episode of Expensive Advice. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts.
Be sure to share your favorite episodes on social media to help us reach more listeners, like you.