Ep. #119: 10 Things to Consider When Acquiring & Exiting a Business

This exclusive episode, taken from my eLearning program (link below), dissects 7 critical factors to consider when buying a business and 3 essential steps to take when selling yours.

Key Takeaways:

Buying a Business:

1. Financial Health: Evaluate the financial statements and profitability.
2. Market Position: Understand the business’s position within its industry.
3. Customer Base: Analyze the customer demographics and loyalty.
4. Growth Potential: Assess opportunities for expansion and scalability.
5. Operational Efficiency: Review the efficiency of current operations.
6. Legal Considerations: Check for any legal issues or liabilities.
7. Cultural Fit: Ensure alignment with your values and business philosophy.

Selling Your Business:

1. Optimize Financials: Ensure your financial records are in order and demonstrate profitability.
2. Value Proposition: Clearly articulate the unique value your business offers.
3. Preparation for Transition: Prepare for a smooth transition by documenting processes and training key personnel.

Includes detailed insights and actionable advice on making informed decisions when buying or selling a business. 

↓ 𝗡𝗘𝗫𝗧 𝗦𝗧𝗘𝗣𝗦 ↓

===============

📖 CONTENT CAPITALIST: https://t.ly/9_9JG

===============

🎓 eLearning Academy: https://t.ly/u0Dk5

===============

🌐 Articles: https://michaelbecker.org/articles/

===============

____________________________________

👉👉👉 𝐒𝐡𝐚𝐫𝐞, 𝐑𝐚𝐭𝐞, 𝐑𝐞𝐯𝐢𝐞𝐰

____________________________________

➤ Follow me on Instagram: https://www.instagram.com/officialmbecker

➤ Connect with me on LinkedIn: https://www.linkedin.com/in/mjbecker

____________________________________

➤ Get my book CONTENT CAPITALIST: https://t.ly/KDZAS

➤ Get my book ORDER OF THE INFINITE: https://a.co/d/7yaVPcq

➤ Enroll in my eLearning course for content entrepreneurs: https://michaelbecker.org/courses/content-capitalist-academy/

____________________________________

⭐ Turn on notifs to get pinged when I publish

➕ Follow/Subscribe

-- Thank you for listening, and namaste! --

---

Hosted on Acast. See acast.com/privacy for more information.