In my experience as a business owner, broker, and growth specialist, I see two main categories of people wanting to cash out and exit their business.
Both may have started out on a shoestring, enduring years of hard work, sleepless nights, and much blood, sweat, and tears, but in the end have arrived at two completely different places.
Business owner #1.
Busy working in their business for so many years that they have neglected themselves, their health, their outside interests, and even their families.
- They are burned out from running it.
- They have very little freedom to do the things they enjoy.
- Their wealth doesn’t match their efforts.
- They don’t have the ability or resources to grow the business any further.
They are tired of the grind and are looking for a simpler life with less stress, exposures, and constant obligations.
Business owner #2
Have built a self-managing self-multiplying business that “they own” “not operate”, affording them the wealth and freedom to live a life largely on their terms.
- It has sustainable, increasing net profits.
- It is run under management with systems.
- It has a diverse client base & supply chain.
- It creates more freedom and lifestyle enjoyment.
The company’s value has grown significantly; the business has achieved its goals and now has the option of multiple great offers are on the table.
I can tell you business owner #2 will cash out for most likely the best payday of their business life, where business owner #1 may not be able to sell at all or have to cash out at fire sale rates.
Suppose they both end up Cashing Out. The difference is business owner #1 ends up having to get a job and work for someone else as an employee, while business owner #2 buys the Island and lives life on their terms.
Whatever side of the equation you fall on, Empires Exit Profit Pathway is the single biggest most important financial plan you will contemplate.
If you’re looking for an experienced professional to help you position for the best possible cash out windfall regardless of where you’re at right now.
Click here to find out more. https://empirebusinesscoaching.com.au/freedom-exit/
With Respect + Admiration For all Business Gladiators.
Glen
PS: The entrepreneurial dream of increased freedom exists only in the realm of the ideal until actual measurements and deadlines are given to it.
Only then does it become an achievable goal.
The secret is you don’t need to cash out, it’s your choice, but you do need to have the profit plan.