If you want to wreck your chances of a successful business exit…
Then you can make one of the most common mistakes below.
Or if you want a more rewarding exit, then AVOID these mistakes at all costs.
🚨 UNCLEAR OUTCOME. No specific financial objective or exit timeframe.
🚨 UNREALISTIC VALUATION. Overvalue the business, based on tenuous logic.
🚨 USE OF BROKERS. Payment of upfront fees to list a business for sale with low probablity of success.
🚨 IGNORE WHAT REALLY DRIVES VALUATION. Pay no attention to what actually moves the dial.
🚨 GO IT ALONE. Don’t partner with investors who can accelerate your exit with an optimal financial outcome.
🚨 BUILD IT AND THEY WILL COME. Do not leverage the expertise of others who specialise in exits. Simply build a business and wait for a knock on the door.
🚨 OVER OPTIMISM. Believe that next year will always be your best year and profitable companies never go backwards.