In this episode, Andy and Doug discuss the risks and pitfalls of attempting to sell your business without professional guidance, as shared in a cautionary tale about a seller who lost a major client due to a botched DIY sale. They discuss the importance of leveraging professional networks and expertise, emphasizing the value of contacts and the right timing for sharing information during the sales process.
We explore the common mistakes business owners make when selling on their own, the crucial role of due diligence, and why having the right professionals involved can make or break a deal.
Finally, we share insights into preparing a business for sale and the need for strategic planning to ensure the best possible outcome.
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