118 - How to exit a business
Manage episode 410428394 series 2831692
There are more ways to exit a business than you might think. For some, exiting a business might be a negative experience. Maybe you've reached burnout or the market has changed and you don't have the energy to change with it. But for others, getting acquired by a larger competitor or selling your business for a large amount of money might actually be your long-term business goal.
In this episode, David looks at all the different options for exiting your business from selling to succession, or even just winding it up in a positive way. And if your goal IS to sell, then we also look at what you need to do to create a business that has value without you in the middle of it and which can continue to run once you've left.
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