Laurie Barkman, The Business Transition Sherpa, emphasizes the importance of planning for the exit of a business, citing that only 20% of companies in the lower middle market have an intention to sell. She highlights the need for an ownership succession plan, estimating the value of the business, addressing risk tripwires, and embracing a sell-ready mindset.
Barkman also discusses the importance of personal identity and fears during the transition process and offers a masterclass course to help entrepreneurs navigate this process.
Only 10% of business owners have a strategic transition plan, but setting up the business and the owner for a successful transition can bring peace of mind.
Learn 7 principles every business owner should know to prepare a business for sale.
If you want your business to be ready to sell at maximum value, now is the best time to start planning.
Build your business with exit in mind with The Endgame Entrepreneurship Masterclass.
Are you a fit for our Founders Club?
Book a Call to learn more: https://calendly.com/lbarkman/masterclass
