Unlock the secrets to maximizing your business's value with insights from our special guest, Barbara Taylor, a renowned business consultant and broker. In this episode of Wealth for Generations, we promise to equip you with invaluable strategies for prepping your business for sale. Barbara shares her expertise on understanding your business's true worth long before you plan your exit, the importance of presenting a well-maintained business to potential buyers, and the imperative of clean financials and addressing operational risks. She also delves into practical advice on anticipating and rectifying buyer concerns to ensure a smoother, more profitable sale.
We also highlight the critical need for early and thorough planning for business succession, especially for family-owned enterprises. We'll dispel common misconceptions about internal buyers and explore the complex dynamics of multi-generational business transitions. Learn about the challenges of internal transfers like ESOPs and gain invaluable insights from Tom Deans' book, "Every Family's Business." Finally, we discuss the best timing for selling a business, the pitfalls of selling during distress, and the importance of regular business valuations. This episode is packed with expert counsel to help you secure your legacy and maximize your wealth.
www.allantaylorbrokers.com
Every Family's Business on Amazon: https://a.co/d/a64YXvL