BIG EXITS AREN'T JUST FOR BIG BUSINESSES...
But unfortunately that is mostly how it goes…
The average small business (under $5m in revenue) is not even sellable.
Big exit? Ha.
In fact, of the businesses who do try to sell (and list with a broker)
ONLY 1 IN 12 ACTUALLY SELL!
This is true for many reasons.
Mostly due to a lack of education around how to successfully exit a business.
And because the business owner is still vital to the success of the business…
Business buyers don’t want to buy a job from you…
And this is very sad...
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BECAUSE THE MAJORITY OF SMALL BUSINESS OWNERS HAVE BEEN INVESTING IN THE WRONG THINGS FOR THE LAST 20-30 YEARS...
Betting on the wrong horse.
Their businesses.
“Investing” is not really the right word for it. It’s more like bottomless pit.
Kinda like a boat. You can keep investing and reinvesting in a boat, again and again.
Fixing it. Adding more gadgets, upgrading worn out parts and interiors.
But it is still a boat.
When it’s time to cash and sell, it’s not likely you’ll get your entire investment back.
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In the case of 90%+ of the small business owners (maybe like you) —
You may have very little net worth and liquidity, because you’ve been narrowly focused on your business for the last few 7-37 years…
Hoping one day to cash in big and retire...
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I hate to be the bearer of bad news.
BUT THERE’S A 93.6% CHANCE THAT IS NOT GOING TO HAPPEN.
Don’t feel bad. It’s not just you. That’s normal.
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But that doesn’t make it any better. Actually, it’s a tragedy.
That the incredible generation of hard working American Dreamers who went out on their own, set up shop and progressed our amazing country and economy (even though it’s a bit of a shit show now)…
Now are shutting their doors for good, most without a big cash out. And the harsh reality is this is what you are likely destined for if you own a business.
BUT, this can all be avoided.
THERE ARE THREE THINGS THAT YOU CAN DO THAT CAN CHANGE YOUR BUSINESS'S FATE
(and even more important, your retirement years)
1) Understand why 11 out of 12 businesses that go for sale DON’T and how you can avoid their mistakes.
2) Understand how businesses (like yours) are evaluated…. And why…
3) Learn WHO is most likely to buy your business (and why) and Learn and execute the steps necessary to get your business prepared and perfectly positioned to make the ideal buyer salivate…
It’s actually quite simple.
It’s not rocket science.
YOU DON'T NEED TO SPEND A SMALL FORTUNE TO PREPARE YOURSELF AND YOUR BUSINESS CORRECTLY...
It does take some focused effort. It takes some time to prepare your business correctly.
But it’s worth it.
You didn’t spill blood and tears and put your all into your business for the last how many ever years to not get the exit you deserve.
That would be asinine to just piss away your life’s work and accept being a statistic.
Your business's enterprise value, multiple at which it will sell, and the size of check you get at closing is at stake.
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So if you own a small business (which you likely do if you are reading this)...
And you are getting near retirement age — OR you want to pursue new ventures different from your current business…
An exit is the horizon.
IT'S YOUR CHOICE IF YOU WANT TO BE ONE OF THE 11 IN 12 BUSINESS OWNERS WHO CAN'T SELL THEIR BUSINESS...
The next step is up to you.
You can download the training below -- FREE.
Your retirement, your dignity, and your comfort likely depends on it.
Cheers,
Co-Founder/Operations, Leadership & Integration
\Buy and Build Advisors