Exiting Your Business – Key Considerations When It’s Time to Sell

Every business owner will one day have to face the decision of how to sell or transition their business. A sale is a complicated and complex process, and one many business owners will only do once. How can business owners ensure they enter this process with an organization that is optimized for a sale? Eide Bailly Partner Amber Ferrie joins the podcast to talk about what business owners need to know about transitioning their business, including how to make your organization attractive to potential buyers, what types of buyers you may be dealing with and why the current market is a prime time to be looking at a sale.“If you want to exit your business and you hold all the cards, you hold the keys to kind of everything, it’s really hard for a buyer to get on board and be excited about that and pay the top end of the multiple range, versus if you have a management team in place where you can kind of exit left. And maybe you’ve even been practicing that, taking a couple months here or there or really giving the management team below you the responsibility to be the decision makers. That creates a lot of value for an incoming buyer.”Guest Info:Amber FerriePartnerEide Bailly