In this episode of the Business Coach Podcast, host David Finkel discusses the various options for exiting your business, including selling, scaling, transitioning to a passive role, or passing it on to heirs. He shares insights into factors to consider, such as personal enjoyment, the future sustainability of the business, and its growth rate, to help you make the best decision. Using real-life examples and client stories, Finkel emphasizes the importance of optionality and making informed choices for your unique situation and goals.
00:00 Introduction to Exit Strategies
01:06 Understanding Optionality for Business Owners
02:39 Client Success Story: Scott's Journey
05:43 Exploring Exit Options
08:38 Decision Tree for Selling Your Business
10:39 The Value of Holding a Growing Business
13:53 Optionality and Personal Fulfillment
22:37 Final Thoughts and Takeaways
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Links
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Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind
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