Nick talks you through the ten most important things to consider, when trying to decide if you are truly ready to transition and exit from your business.
KEY TAKEAWAYS
- Transitioning from the world of business is not an instant thing. it takes a long time, and is a slow and gradual process. The minimum amount of time spent on exit planning should be at least three to five years.
- Always discuss transitions from business with the people who matter the most to you. Your plans should always be shared with those closest to you.
- An advisory team should at least include an attorney, wealth and financial advisor, business consultant, your spouse or partner, an accountant, and anyone else who truly matters to you.
- You can increase the value of a business, to drive up the intangible value of the assets. You can demonstrate this value every 90 days.
BEST MOMENTS
‘You want to leave a legacy. You want your business to be in a great position’
‘Your goals must be defined, co-dependent on one another, and also linked’
‘You need to make sure you have that team around you!’
‘Make improvements in the business and drive growth’
VALUABLE RESOURCES
Scale Up with Nick Bradley: scaleup.vip/podcast
Scale Up Your Business, coaching/consulting: https://suyb.global
To download a free gift from Nick – The 5 Reasons Why Your Business Will Never Get To 8-Figures … How To Fix It Fast! – https://www.scaleupmastermind.com/free-guide1
Take the SUYB Predictable Growth Assessment™, to measure your current business performance
and show you where to focus next to get to where you want to be: https://scaleup.vip/PredictableGrowthAssessment
ABOUT THE HOST
Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.
His background is growing and scaling Venture Capital and Private Equity backed businesses, across the UK, the US, and further afield.
Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.
His “Scale Up Your Business” podcast, which ranked #1 on iTunes’ business charts, has more than 350k downloads in over 130 countries.
His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.
CONTACT METHOD
Nick’s Facebook page: https://scaleup.vip/FB
Nick’s LinkedIn: https://scaleup.vip/LI
Nick’s Instagram: https://scaleup.vip/IG
Scale Up Your Business, coaching/consulting: https://suyb.global
We help business founders scale their business to a life-changing exit within 36 months. Please feel free to get in touch if we can assist.
