In this episode, Pete Mohr dives into a topic that’s often pushed aside but is crucial for every business owner: the inevitable exit from your business. Whether it’s selling, passing it down, or closing shop, Pete discusses why planning your exit now can save you headaches later and add value to your business today. He also shares insights from his experience as a business broker and coach, emphasizing the importance of being prepared for life’s curveballs.
Here are a few things Pete covers:
- The reality that no one runs a business forever and why you need to prepare for your exit.
- How planning your exit can actually make your current business more valuable.
- The time it usually takes to prepare and sell a business.
- The importance of having systems and people in place for a smooth transition.
- How your end goal shapes your current business decisions.
It’s time to take action:
Start thinking about your exit strategy today. Whether you plan to sell, pass it on, or close shop, having a plan will give you peace of mind and make the transition smoother when the time comes. If you need help, book a free appointment with Pete at speaktopete.com.