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75. Is Now the Right Time to Sell Your Business? (Solocast)
20th July 2023 • The Dirt • Jim Barnish
00:00:00 00:13:13

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Most business owners who have mastered growth eventually end up asking themselves questions like: How will I know if it's the right time to sell my business? What steps do I need to take to prepare my company for an exit?  Where can I go for help?

In this solocast, Jim Barnish outlines how to time a successful exit.  Selling your business can be very stressful - lots can go wrong.  However, when done correctly, a business owner can achieve life-changing results, both financial and emotional.  

Some of what Jim gets into: 

  • Understand your motivators:  It can be beneficial to think through the different motivators all business owners have—financial motivators, strategic motivators, and personal motivators. 
  • Know when the time is right: A good time to sell your business is when you have a strong motivator, you are confident you will meet you financial goals, and you are psychologically prepared to sell.t 
  • Lessons from LinkedIn’s exit: From this sale ($26 billion!), business owners can learn what an ideal transaction can look like, including tangible growth opportunities, ease of integration, complementary solutions and services, and ability to work together to grow market share.

About The Dirt Podcast 

The Dirt is about getting real with businesses about the true state of their companies and going clear down to the dirt in solving their core needs as a business. Dive deep with your host Jim Barnish as we uncover The Dirt with some of the world's leading brands.

If you love what you are getting out of our show please SUBSCRIBE.

For more information on how we dig into the dirt check out our other episodes here: https://www.orchid.black/podcast

About Our Company

Orchid Black is a new kind of growth services firm. We partner with tech-forward companies to build smarter, better, game-changing businesses. 

Website: https://www.orchid.black 

LinkedIn: https://www.linkedin.com/company/orchidblack/ 

YouTube: https://www.youtube.com/@OrchidBlack 

All contents of this show are rights of Orchid Black©️ and are not to be used unless authorized by written consent.

Transcripts

Most business owners who have mastered growth eventually end up asking themselves questions like: How will I know if it's the right time to sell my business? What steps do I need to take to prepare my company for an exit? Where can I go for help?

In this solocast, Jim Barnish outlines how to time a successful exit. Selling your business can be very stressful - lots can go wrong. However, when done correctly, a business owner can achieve life-changing results, both financial and emotional.

Some of what Jim gets into:

Understand your motivators: It can be beneficial to think through the different motivators all business owners have—financial motivators, strategic motivators, and personal motivators.

Know when the time is right: A good time to sell your business is when you have a strong motivator, you are confident you will meet you financial goals, and you are psychologically prepared to sell.t

Lessons from LinkedIn’s exit: From this sale ($26 billion!), business owners can learn what an ideal transaction can look like, including tangible growth opportunities, ease of integration, complementary solutions and services, and ability to work together to grow market share.

About The Dirt Podcast

The Dirt is about getting real with businesses about the true state of their companies and going clear down to the dirt in solving their core needs as a business. Dive deep with your host Jim Barnish as we uncover The Dirt with some of the world's leading brands.

If you love what you are getting out of our show please SUBSCRIBE.

For more information on how we dig into the dirt check out our other episodes here: https://www.orchid.black/podcast

About Our Company

Orchid Black is a new kind of growth services firm. We partner with tech-forward companies to build smarter, better, game-changing businesses.

Website: https://www.orchid.black

LinkedIn: https://www.linkedin.com/company/orchidblack/

YouTube: https://www.youtube.com/@OrchidBlack

All contents of this show are rights of Orchid Black©️ and are not to be used unless authorized by written consent.

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