Exit Planning Tips for Small Business Owners with Darryl Bates-Brownsword
Thinking about exiting your business? Darryl Bates-Brownsword shares essential strategies for entrepreneurs to plan a smooth and successful exit that maximizes value and protects your legacy. What’s covered in this episode: The key steps in developing a solid business exit plan How to prepare your business for sale or transition Common pitfalls to avoid when planning your exit Darryl Bates-Brownsword’s expert tips for ensuring a profitable and seamless exit Planning the exit of your business is the only way to ensure that your life's work doesn't amount to nothing. ANYTHING can happen. Darryl Bates-Brownsword specialised in helping entrepreneurs get the most for their businesses at exit. He says, entrepreneurs should think about their business as an asset and not merely focus on revenue generation but on the overall value appreciation of their business. There is life after business, and succession planning is key to how well entrepreneurs live after giving their days to building businesses. Darryl is a dynamic, driven Business Consultant and Coach with over 20 years of experience and passion for creating successful outcomes for founder-led businesses. He has built 2 international multi-million turnover businesses; one now operating in 16 countries. His quick and analytical approach cuts through to the core issues quickly and identifying the context. Darryl's picks for the Leaders Are Readers Series: The E-Myth Revisited: Why Most Small Businesses Don't Work And What To Do About It by Michael E. Gerber https://amzn.to/3A803BI Traction: Get A Grip On Your Business by Gino Wickman https://amzn.to/3Enbb0b The 7 Habits Of Highly Effective People by Stephen R. Covey 🎁 FREE E-book download of Enjoy It: Business Succession and Exit Planning - Your 21 Step Guide To Your Succession By Graig West & Amelia Stuckey https://succession.plus/uk/ebook-uk/e... 🎁 For 3 Secrets To Building A Brand, go to https://www.reinventingperspectives.c... **If you're thinking of getting started as a podcaster, here are some services that we use and recommend: Our podcast hosting service is Buzzsprout. Buzzsprout gets your show listed on every major podcast platform and has an amazing community of fellow podcasters on Facebook that are always ready to help with any questions you may have. https://www.buzzsprout.com/?referrer_... To find guests for your podcast with ease, use Podmatch, a service that matches guests with podcast hosts based on your set requirements. https://podmatch.com/?ref=15946250922... -We film all our remote podcast interviews using Riversidefm, the quality of the sound and audio is great. Check out our recent episodes to compare with other service providers. https://riverside.fm/?utm_campaign=ca... Note: The use of affiliate links does not impact the price you pay. If you use our links, thank you for the support. 00:00 Business Exit Realities 02:00 Myths About Selling A Business 03:07 When To Start Planning Your Exit 05:14 7 Common Exit Strategies 10:54 Practical Steps To Business Exit Planning 14:06 Why You Shouldn't Make Your Business A Personal Brand 16:12 What Is Your Business Worth? 21:40 Biggest Lesson In 20 Years Of Entrepreneurship 24:12 3 Books You Must Read As A New Entrepreneur
