Have you ever thought about your exit strategy?
Wait! I know you’re probably thinking “Lynn, I just started my business! Why would I want to exit it?” But thinking about selling your firm (even if you never do) will force you to build better systems, smarter structures, and a business that isn’t 100% dependent on you.
In this episode, I’m sharing two value drivers you can implement now to build a firm that’s more profitable, sustainable, and attractive down the road.
Timestamps:
[04:55] What potential buyers look for (and the tough questions to expect)
[08:18] Value Driver #1 - Financial performance: What your financials should show, margin benchmarks you should strive for, and a simple ROI check for client profitability.
[14:00] Value Driver #2 - Growth potential: Six ways to highlight future earnings
[25:37] Action steps and homework: A simple exercise to look at your business through a buyer’s eyes and spot opportunities to de-risk and increase value.
If this episode is helpful to you, get the full workbook with all 8 value drivers, checklists, and templates inside my bookkeeping Training Circle. The first 30 days are free.
Join here: coachingbookkeepers.com/membership.
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I’m Lynn Talbott, the Bookkeeper’s Coach. My podcast, The Better Bookkeeper Show, is your guide to growing your bookkeeping business in a thoughtful and sustainable way. I fully believe that anyone has what it takes to make a living from bookkeeping, whether that means being a solopreneur or building a 7-figure firm like me. So follow along, and let’s get your bookkeeping business where you want it to be!
Follow me on LinkedIn, Instagram, and YouTube!
Produced by SpeakEasy Productions and hosted by Lynn Talbott of The Bookkeeper’s Coach.
Hosted on Acast. See acast.com/privacy for more information.
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