Ever thought about selling your business? It’s a scary process! There are so many details that come into play, and if it’s a route you’re planning on taking in the future, it's vital that you know all of the facts in order to serve you in the best way possible.
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In this episode, Chris invites John Warrillow, author of Built to Sell, onto the show to discuss the ins and outs of what is involved within the business selling process. Tune in to find out the biggest mistake John has seen people make, his advice for when a deal doesn’t work out, and why it’s always best to have back up offers!
[06:09] - The biggest mistake John has seen people make in the process of selling a business
[19:48] - When and how to have the discussion that you’re selling the business with your employees
[26:35] - John’s advice for when a deal falls through
[30:34] - Why you should always have multiple offers
[32:45] - What’s involved in a sale of a brick and mortar business
Essential Learning Points From This Episode
The ugly truth of selling a business
What happens when a deal falls through
The conversation to have with your employees when you’re selling your business
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