Episode 91 - Thinking About Selling Your Business? Watch This First!

Selling your business is one of the biggest financial decisions you’ll ever make — and the offer you receive is just the beginning. In this episode, Laura and Jeremiah Lee break down what really happens when a buyer shows interest, from understanding different types of offers to evaluating the real value behind the numbers. Learn how to: ✅ Prepare your business and mindset before saying yes ✅ Build the right team of advisors to protect your interests ✅ Avoid common pitfalls that derail deals ✅ Navigate the sale timeline with clarity and confidence Key Takeaways: 🧠 Business owners often feel unprepared when receiving an offer to sell. 🧠 It's crucial to understand the difference between strategic and financial offers. 🧠 Building a strong team of advisors is essential for a successful sale. 🧠 Evaluating the gross versus net value of an offer is critical. 🧠 The timeline for closing a deal can vary significantly. 🧠 Personal financial planning should align with the sale of the business. 🧠 Investment bankers can help maximize the sale price by generating interest. 🧠 Understanding tax implications is vital when selling a business. 🧠 Negotiating terms clearly can prevent future misunderstandings. 🧠 Emotional readiness is as important as financial readiness when selling a business. Keep your habits healthy and wealthy, subscribe to the show today! We release new episodes every Tuesday at 6am! Reach out at [email protected] Connect with Jeremiah: LinkedIn: / jeremiahjlee Email: [email protected] Connect with Laura: LinkedIn: / laura-lee-59a83610 Email: [email protected] Connect with Randy: LinkedIn: / rkbarkley Email: [email protected] --- Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.