10 Steps You Need Before Selling Your Business!

Selling a business isn't as simple as it seems; it's a process that demands time and careful planning. This video breaks down the essential steps for a successful sale, discussing key business tips for entrepreneurs. Learn about business exit planning and crucial business exit strategies to avoid common pitfalls when selling a business and pursue small business exit strategies successfully.

Most entrepreneurs think they can sell their business tomorrow. The truth is that it takes 9 to 12 months minimum — and if you skip the process, you risk losing millions.

In this episode of Beyond The Claim, Vince Perri shares the 10 steps you need before selling your business. Whether you are planning an exit or just want to prepare for the future, this roadmap shows you what buyers are really looking for.

You will discover:
✔ The financial documents every buyer demands before looking at your deal
✔ Why valuations matter and how to maximize your multiple
✔ The role of blind teasers, NDAs, and SIMs in attracting serious buyers
✔ How due diligence can kill a deal if you are unprepared
✔ What happens during negotiations, deal structure, and closing

Chapters
00:00:00: Why you cannot sell your business overnight and the 9 to 12 months reality
00:01:11: Prep timeline and transferability, fix your systems and operations before listing
00:03:58: Steps 1 to 3 gather financials get a valuation sign the listing agreement
00:05:39: Step 4 and Step 5 create the blind teaser then use NDA and SIM to share info
00:07:36: Step 6 and Step 7 buyer interviews negotiate price and sign the LOI
00:08:43: Step 8 due diligence the full business audit with attorneys and accountants
00:09:34: Step 9 deal structure price earnouts holdbacks seller financing transition terms
00:10:15: Step 10 closing and transition wire funds and handoff of assets and accounts
00:10:35: Homework clean books pull three years of P and L tax returns and balance sheets within 24 hours

👉 Exit planning equals good business strategy. Even if you are not ready to sell today, following these steps will make your company stronger, more profitable, and more valuable.

🔔 Subscribe for more business growth and exit planning insights. New short episodes every Wednesday podcasts every Monday and live sessions every Friday.

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💎 This episode is sponsored by The Farber Law Firm, visit Farber at https://bit.ly/thefarberlawfirm


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