How To Prepare Your Business To Be Sold (with Steve Conwell)

P&L: Priorities & Lifestyle

Steve Conwell, Founder/CEO of Final Ascent, joined me this week for a conversation all about optimizing your business’s exit strategy. Steve actually went through a business sale himself years ago and realized that their strategy wasn’t the best and, had he known what he does now, the sale would’ve gone so much smoother. So, Steve founded Final Ascent, where he now works with business owners years ahead of selling their businesses to make sure they’ve got all their ducks in a row when it comes to sellability. Steve actually recommends starting to prepare to sell your business at least 3 years ahead of the sale, and he walks me through his entire process and some key things to watch out for if you’re a business owner who wants to streamline your company.

Join us this week on P&L to learn what it takes to prepare your business to be sold!

Contact Steve at [e-mail]

"Time kills deals." - Steve Conwell

This week on Priorities Lifestyle:

• Maximizing Mid-Market Business Values

• Preparing For Sales YEARS In Advance

• How Quality Of Earnings Reports Work

• The Importance Of Planning Ahead In Business

• The Difference Between Selling Small And Mid-Sized Businesses

• Knowing When To Sell Your Business

Our Favorite Quotes:

• "We’ve just got to help them, right, so they can achieve the American dream." - Steve Conwell

• “The reality is, if you get your business to have a good value for somebody else, guess who else is probably valuable to: you, right? I mean, you're just doing the stuff that makes it a better business all the way around.” - Rob Schulz

• “What can kill the value of a business is that the buyers look at it and go, ‘well, without you, there isn't much of a business.’" - Steve Conwell

About Rob Schulz and P&L Priorities & LIfestyle Podcast

The P&L: Priorities & Lifestyle Podcast is a show for business owners. In each episode, host and financial planner Rob Schulz sits down with business owners and the professionals that serve them to talk about business building, life, money — and the all-important transition out of the business, which inevitably happens to everyone who has ever founded a company.

Email Rob at [e-mail] with questions and comments, or to schedule a one-on-one conversation.

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*You’re listening to P&L: Priorities & Lifestyle with your host Rob Schulz. Rob is the Founder and President of Schulz Wealth. All opinions expressed by Rob and his guests are solely their own opinions and do not reflect the opinions of Schulz Wealth. This podcast is for informational purposes only and should not be relied upon for investment decisions. Please refer to our website for more information: schulzwealth.com.