My First Million Shaan's Masterclass: How To Sell A Business For Millions
123 snips
Jun 19, 2023 Dive into the world of selling a business with practical tips from Shaan Puri! Discover why and when to sell, and learn who to engage in the process. Explore the psychology behind negotiations, from understanding buyers to key relationships. Find out how to demonstrate value and navigate the intricate M&A landscape. Strategic communication and emotional dynamics play crucial roles, as well as mastering executive sales techniques. This masterclass equips entrepreneurs with invaluable insights to maximize their business exit.
AI Snips
Chapters
Transcript
Episode notes
Evaluate Your Motivation
- Determine if selling aligns with your initial motivations and beliefs.
- Evaluate if the business will achieve your goals and if you still enjoy it.
Knowing When to Sell
- Sell if you receive a good offer or have lost belief in the business’s potential.
- Consider selling if you no longer desire to manage the business.
Discussions and Transparency
- Discuss selling with co-founders and mentors, but manage your own psychology.
- Be careful about informing investors and your team prematurely due to potential drawbacks.