Wedding Business Solutions Are you building a business to sell?
Are you building a business to sell?
Are you building a business you can one day sell, or are you creating a lifestyle business that revolves around you? What happens to your company when you’re ready to walk away? In this episode, I explore the true value of your business beyond the physical assets—like your brand, your relationships, and your systems. Are your processes strong enough for someone else to step in, or is everything dependent on you? I’ll give you key points to consider if you ever want an exit strategy or simply want to create a business that runs smoothly whether you’re there or not.
Listen to this new 8-minute episode for insights on how to future-proof your business—so it has value beyond just your own time and effort.
Episode Summary:
In this episode of the Wedding Business Solutions podcast, I dive into a question that every wedding and event business owner should ask themselves: Am I building a business to sell, or am I creating a lifestyle business? I share my personal journey and explain why I chose to make my business centered around myself, with alanberg.com as the brand, instead of building something specifically to sell. I walk you through the differences between having physical assets versus selling your brand, reputation, and relationships. I also offer advice on how to make your business valuable to a potential buyer by creating strong systems and processes that aren’t solely dependent on you. Whether or not you plan to sell, this episode will get you thinking about your exit strategy and how to set up your business for long-term value.
If you have any questions about anything in this, or any of my podcasts, or have a suggestion for a topic or guest, please reach out directly to me at Alan@WeddingBusinessSolutions.com or visit my website Podcast.AlanBerg.com
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View the full transcript on Alan’s site: https://alanberg.com/blog/
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I'm Alan Berg. Thanks for listening. If you have any questions about this or if you'd like to suggest other topics for "The Wedding Business Solutions Podcast" please let me know. My email is Alan@WeddingBusinessSolutions.com. Look forward to seeing you on the next episode. Thanks.
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