060: What Business Owners Wish They Knew Before They Decide to Sell Their Business with Charlie Janes

Navigating the path to a business exit can be as intricate as it is critical. In the latest episode of the Employment Experience Podcast, Karly Wannos teams up with Charlie Janes to deliver a masterclass on exit strategies, offering a lifeline to entrepreneurs on the brink of significant transitions. This episode is a must-listen for business owners plotting the coordinates for their graceful departure.

Did you know that only a fraction of companies find a buyer or grow beyond financial milestones? Learn how to develop a legacy business that thrives beyond the founder's touch, navigate the tricky waters of scaling, and why having an array of experts, like financial planners and exit planning specialists, is your ticket to a smooth transition. 

A poorly executed business sale may result in a tangled aftermath. So consider a timeline before even putting the 'For Sale' sign up. Listen in as they unpack why you need a minimum of three to five years to shape your business into an attractive package, the importance of recasting financials to highlight profitability, and how different types of buyers affect your strategy. 

But it's not just about the money – they highlight the human side of the deal, ensuring your team transitions just as smoothly as your bank account. This episode isn't just about getting out – it's about leaving a legacy that lasts.

In this episode, you will hear:

• Challenges of selling a business
• Exit strategies for businesses
• Overlap among professions and collaborative strategies
• Ideal buyers
• Creating a self-sufficient business 
• Exit strategy for business success

Resources From This Episode:

The Wannos Law Firm: https://www.wannoslaw.com/

Employment Law Courses: https://www.karlywannos.com/employment-courses

Legal Workshops

• Employment Law for Businesses https://www.karlywannos.com/workshop 
• FMLA Workshop: https://www.karlywannos.com/fmla
• Calculating Damages Workshop: https://www.karlywannos.com/damages-workshop

Connect with Karly Wannos

Follow Karly on Facebook, [https://www.facebook.com/Karly-Wannos-103354468305465] Instagram [.css-j9qmi7{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;font-weight:700;margin-bottom:1rem;margin-top:2.8rem;width:100%;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:start;justify-content:start;padding-left:5rem;}@media only screen and (max-width: 599px){.css-j9qmi7{padding-left:0;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}}.css-j9qmi7 svg{fill:#27292D;}.css-j9qmi7 .eagfbvw0{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;color:#27292D;}