Is Your Business Just a High-Paying Job You Can't Sell?

Is Your Business Just a High-Paying Job You Can't Sell? In this interview, M&A expert Cameron Bishop explains the critical difference between a valuable, transferable company and a "lifestyle business" that is almost solely dependent on the owner for its success and has no real exit value.

Cameron also shares the craziest story he's ever seen in an acquisition: a former owner who came back and took her old company's file cabinets hostage with chains and padlocks . He breaks down the most common reasons businesses fail to sell, including terrible accounting and customer concentration, and tells the story of a client who walked away from an extra $4 million to take a lower offer for a better lifestyle. Check out the company: https://raincatcher.com

Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory

👀 CONNECT WITH SEAN

Subscribe: https://www.youtube.com/@seanweisbrot

LinkedIn: https://linkedin.com/in/seanweisbrot

Inquiries: welivetobuild@gmail.com

🕒 CHAPTERS

00:00 - Introduction to Selling a Business

00:53 - She Took Her Former Company Hostage with Chains & Padlocks

04:03 - The #1 Reason Your Business Is Unsellable

05:14 - Is Your Business Just a High-Paying Job You Can't Sell?

07:24 - Can AI Create a Sellable "Lifestyle Business"?

11:44 - The 3-Year Runway You Need Before You Sell

16:58 - Post-COVID Motivation: "I'm Just Sick and Tired of Hiring"

26:07 - How a Single Vendor Made a "Money Machine" Unsellable

29:25 - Final Advice: Selling Your Company Is a Full-Time Job

📈 WORK WITH ME

▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory

▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate

▶ My AI/Automation Agency: https://optimai.ai

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