Join Rahsaan Freeman and Scott Lundt as they dive into some risky scenarios that seriously affected their clients’ business’s value when it came time to sell. Rahsaan and Scott share real case studies where over-reliance on a single major customer tanked a manufacturer's revenue when that customer went under and it took them years to recover. They discuss the common temptation of using your business like a personal piggy bank and why that will slash your business’s valuation. Also, failing to protect intellectual property and document key processes - both easily avoidable mistakes that ended up costing business owners 7-figures on their exit! These stories are to help you make proactive decisions now that set you up for maximum value later. If concentration risk, personal expenses, or lack of IP protection feel familiar, this episode will inspire some valuable changes! Even if you’re not looking to sell in the near future, these case studies demonstrate why having a trusted expert NOW will set you up for success when retirement is on the horizon.
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