We entrepreneurs have unique strengths that make us … well … entrepreneurs. Problem is these strengths often turn into weaknesses when we sell the business.
These weaknesses, combined with the entrepreneur’s personality and psychological factors, help destroy the value of the business.
There’s no “Entrepreneur U.” No school that teaches us how to be entrepreneurs. So we make it up as we go along. That usually works OK except that along the way, we build in all kinds of inefficiencies in the business.
These inefficiencies can destroy the value of your business and you won’t know it until it comes time to exit. That’s why we call them “Business Internal Value Destroyers.” You can call them Detonator #2.
Are you ready for the biggest business sell-off in history? It’s coming. And so are a lot of other external factors that can severely cripple your business – and its valuation at exit time. We call these factors “Market External Value Impactors.” Here are some of the triggers that could lead to detonation.
You’ll probably sell a business once in your lifetime. The typical buyer is in the market for businesses often.
Who do you think will come out ahead at sale time? Here are some of the things that can be called “Buyer Exit Killers, Disruptors and Reducers.” Or, more simply, Detonator #4.
You’re sitting on a beach having a drink with an umbrella in it. You’ve earned it.
You went through all the pain and misery of selling your business. But now it’s sold and you can relax. Then your phone rings and it’s the buyer telling you the purchase price has been reduced by a million bucks. That check that was in the mail? It isn’t.
That’s just one of what we call the “Post-Exit Shockers.” They’re Detonator #5.
Exit Bomb™ (written by our CEO) will have you thinking about your company exit in an entirely new light.
The Exit Bomb is a must-read for any entrepreneur who plans to exit his or her business right away or ten years from now – and doesn’t intend to see his or her hard-earned wealth get destroyed in the process.
The Exit Bomb will have you thinking about your company in an entirely new light and help you make the major changes necessary to maximize its value.Buy Book
Start by finding out what problem areas will likely cause you headaches, reduce
company value or render your company unsaleable.
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weaknesses of your business.