The Bootstrapped Founder

243: Bootstrapped SaaS Exit Planning

Aug 18, 2023

26:30

Snipd AI

Discover the significance of creating a sellable business, even if you have no intention of selling. Learn about the benefits of exit planning for SaaS businesses and valuable insights from experienced founders. Find out strategies for assessing sellability, organizing important documents, de-risking the financial situation, and planning for a business exit to attract potential buyers.

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Quick takeaways

It is important for founders to focus on making their business sellable, even if they don't plan to sell, as it helps in maintaining and increasing the business's value.

Exit planning is essential for founders to be prepared for a potential sale, involving having an exit strategy in place, reassessing the business's alignment with the founder's goals, evaluating future continuity options, and ensuring the business can operate without the founder's direct involvement.

Deep dives

Importance of Making a Business Sellable

Making a business sellable should be a continuous concern for founders, even if they do not want to sell. It is crucial for maintaining and increasing the value of the business. The story of inaction or stagnation often leads to decreased or no value in the business. Considering selling the business can be a smart move to capitalize on its value and avoid being stuck. Acquire.com offers a platform for listing businesses for sale and provides resources for making businesses more sellable.

The Importance of Considering the Value and Operation of Your Business

00:33

Introduction

2min

Capitalizing on the Value of Time and Exit Planning for SaaS Businesses

4min

Conducting Sellability Check-ins and Exit Planning Sessions

13min

De-risking Financial Situation and Planning for Selling Business

2min

Planning for a Business Exit

5min

Get ready to unlock the secret to enhancing your business's value — whether you plan to sell or not. This episode will guide you through the concept of sellability and its crucial role in your business. Inspired by a riveting conversation with Kevin McArdle, a seasoned investor who shared valuable insights from his SaaS business acquisition experience, and the wisdom of John Warrillow's book, Built to Sell, I illuminate good business practices that can boost your business's sellability and value.

But it doesn't stop there. I'll equip you with practical strategies for exit planning that will make your business not only sellable but also ready for a smooth transition. Ready to build a sellable business?

00:00:00 The Importance of Sellability in Business
00:09:00 Practical Tips for Exit Planning
00:17:18 Assessing Alignment and Exit Planning

The blog post: https://thebootstrappedfounder.com/bootstrapped-saas-exit-planning/

The podcast episode: https://share.transistor.fm/s/c4d259eb

The video: https://youtu.be/9cqVjugSsAs

You'll find my weekly article on my blog: https://thebootstrappedfounder.com

Podcast: https://thebootstrappedfounder.com/podcast

Newsletter: https://thebootstrappedfounder.com/newsletter

My book Zero to Sold: https://zerotosold.com/

My book The Embedded Entrepreneur: https://embeddedentrepreneur.com/

My course Find your Following: https://findyourfollowing.com

Find me on Twitter: https://twitter.com/arvidkahl/

This episode is sponsored by Acquire.com