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Transforming Your Business for a Successful Exit

What Really Makes a Business Sellable?

Hey Founders & Funders,

We recently wrapped up our first Acquisition to Exit Summit.

If you were able to attend live, then you know we were able to lock-in an amazing line-up of speakers.

Over the next next couple weeks, I want to highlight a few of the presentations and the key takeaways.

First out of the gate — Mike Finger, founder of ExitOasis.com.

With a track record that includes owning eight small businesses, four successful exits, and a couple of quick lessons in resilience, Mike is the kind of expert who doesn't just talk the talk—he's walked the entrepreneurial walk.

In his engaging session, Exit Strategy Mastery: Unveiling the Blueprint to Selling Your Business with Confidence, Mike dove deep into the often-overlooked essentials of preparing a business for sale.

If you’ve ever thought selling your business would be a straightforward process, Mike will quickly change your perspective.

What Makes a Business Truly Sellable?

Mike started by busting the myth that most business owners hold dear — the idea that their business is a gold mine waiting for the right buyer.

In reality, less than 20% of businesses actually sell!

So, what's the secret sauce that turns a business from unsellable to irresistible?

Mike emphasizes three crucial questions every owner should ask:

  1. Are your results desirable? It's not just about the numbers; it's about creating a lifestyle and results that others want.

  2. Can a buyer replicate your success? If the business relies too heavily on your personal skills and relationships, it might be time to rethink.

  3. Can you document your results? As Mike says, "If you can't prove it, it didn’t happen."

These questions, he argues, are the linchpin of a sellable business, far more than any complex broker’s formula. It’s about creating a business with value that stands on its own, independent of its current owner.

From Complexity to Simplicity

Mike's approach to business exits is refreshingly simple.

He urges owners to shift their focus from complex exit strategies to straightforward improvements that enhance a business's inherent value. He shares his own journey of transforming a business from unsellable to sale-ready by honing in on profitability, scalability, and owner independence.

Imagine setting aside just 30 minutes a month to educate yourself on business sellability.

According to Mike, that’s all it takes to start steering your business towards a successful exit.

Why This Matters for You

Whether you’re an owner dreaming of an exit or an investor scouting for promising businesses, Mike’s insights offer invaluable guidance. His approach isn’t just about making a business sellable; it’s about making it more valuable to own.

Want More?

If you missed Mike’s full presentation or the entire summit, there’s still time to grab the full VIP Recording Package.

You’ll get full access to the recordings and transcripts for all 8 speakers and topics, including:

  • Strategies to increase profit and equity growth before you exit, maximizing your payout

  • How to leverage your assets for alternate liquidity deals

  • “Buying” growth via the dynamic SaaS market

  • And much more!

Don’t wait to secure your access to every session from the inaugural Acquisition to Exit Summit!

David