If you're an entrepreneur with a sale in your future, this video will literally add millions of dollars to your bank account.
Drawing from my experience of selling my business for $16 million, I discuss five key points: selling when things are good, setting terms upfront, acting experienced, treating the sale like dating, and removing yourself from the business.
I also highlight common mistakes and alternative options for financial security without selling. This comprehensive guide aims to help entrepreneurs achieve life-changing exits by implementing these practical tips.
00:00 Introduction: My $16 Million Business Sale 01:32 Why Timing Matters: Sell When Things Are Good 06:51 Setting Your Terms: Avoiding Costly Mistakes 10:55 Emotional Framing: Getting Buyers Excited 15:03 Choosing the Right Buyer: Treat the Sale Like Dating 21:36 Removing Yourself: Ensuring Business Independence 24:32 Conclusion: Maximizing Your Business Sale
If you own an ecom brand looking to get to $1M per year, check out my free playbook at https://capitalism.com/playbook-yt
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