In this episode, Kerrie discusses the option of selling your business instead of closing it. She shares the story of a friend who closed her e-commerce store and explains why she believes selling is a better option. Kerrie emphasizes the value of the assets and systems you have built in your business and how they can be attractive to potential buyers. She also provides resources for selling your business and encourages starting a business with the intent to sell. Kerrie concludes by discussing the benefits of selling starter businesses and reiterating the importance of owning your own platform.
Takeaways
Consider selling your business instead of closing it, as someone may be interested in buying it.
Assets like social media accounts, email lists, and customer reviews can make your business attractive to buyers.
Shopify is a valuable platform for selling your business, as you have control over your own website and traffic.
Starting a business with the intent to sell can be a strategic approach.
Flippa.com, BizBuySell, and EmpireFlippers.com are resources for selling your business.
Selling starter businesses can be a lucrative opportunity.
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Chapters
00:00 Introduction
00:32 The Story of a Friend Closing Her E-commerce Store
01:53 The Option of Selling Your Business
04:21 Closing vs Selling Your Business
07:33 Selling Your Business on Shopify
10:16 Starting a Business with the Intent to Sell
14:46 Resources for Selling Your Business
17:00 Closing Your Business
19:16 Selling Starter Businesses
25:56 Closing Thoughts
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