The Better Than Rich Show Planning your exit never hurts your business with Bennett Lebowitz
Why do most business owners never achieve a successful exit, even after decades of effort? Many assume selling a company is simple—find a buyer, sign the papers, and walk away. The reality is harsher: 70 to 80 percent of businesses that go to market never sell. Poor planning, missing documentation, and overdependence on the owner make it nearly impossible to exit with both profit and peace of mind.
In this episode of The Better Than Rich Show, host Mike Abramowitz sits down with Bennett Lebowitz, co-founder of Pando Consulting Group, to uncover what it really takes to build a business that can be sold on your terms. Bennett covers everything from financial cleanup to operational systems and leadership transitions. He shares actionable frameworks, key metrics, and real-world stories of owners who created companies strong enough to thrive long after they stepped away.
Timestamps
[00:00] Defining a Successful Exit
[03:11] Avoiding Forced Liquidations and the 5 D’s
[05:43] Controlling the Controllables
[06:51] Financial Health and Clean Books
[09:27] Quality of Earnings and Operational Audits
[12:06] Key Metrics Every Owner Should Track
[17:31] Preparing for the Right Buyer
[20:59] Getting the Owner Out of the Day-to-Day
[28:27] Hiring Smart and Building Support Infrastructure
[32:42] Shifting from Tactical to Strategic Leadership
[36:52] Ideal Client Profile and Readiness
[40:54] The Exit Process and Discovery
[42:06] Why 70–80% of Businesses Never Sell
[43:35] Life, Family, and Purpose
Key Quotes
- “Seventy-five percent of owners regret selling their business within 12 months, and it has nothing to do with money. It’s because they weren’t prepared for life after the sale.”
- “You can’t sell a business if you’re the one driving all the revenue. No one wants to buy a job.”
- “Profit is a direct correlation to value. Taxes are just a byproduct.”
- “If you’re not growing, you’re dying. Every system and hire is a step toward freedom.”
- “Everything we do should be purpose-driven. The money can’t come with us, but the impact can.”
Key Takeaways
- Prepare early. A successful exit takes years, not months. Begin by cleaning your finances and documenting your systems.
- Build independence. A business that relies on the owner isn’t sellable. Train leaders and automate wherever possible.
- Track what matters. Focus on metrics like revenue per employee, recurring revenue, and client acquisition cost.
- Control what you can. You can’t change the market, but you can strengthen your processes, people, and profit.
Links Mentioned
Pando Consulting Group – Readiness Assessment: https://pandoconsultinggroup.com
LinkedIn – Bennett Lebowitz: https://www.linkedin.com/in/bennett-lebowitz
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