Business Mastermind PodcastAre You Preparing Your Business For Your Endgame?
Are you keeping your business on course for your ultimate objective? Are you on track for the exit you’ve planned, the sale you hope to achieve, or for the management team to take over so that you can free up your time?
In this week’s Hey Presto, Gavin gives you some ideas and pointers about the things you should be focussing upon if you want to stay on course towards your endgame.
Sign Up Here: https://bit.ly/biz-pod
KEY TAKEAWAYS
- The general areas of error that many businesses suffer from in terms of their ultimate objectives, are failing to do enough to consider succession, and those who may have held on to their business for too long.
- Creating an effective management team provides you with new options upon your exit. A management buyout by the team you’ve built is a robust exit solution. It also provides a third-party buyer with the faith that the company can continue successfully.
- Lifestyle businesses are there to provide their owners with a lifestyle. But in the event of sale, you must reasonably be able to provide at least three years of proof of growth.
BEST MOMENTS
‘What an investor is looking for is a tick in a certain number of boxes’
‘If you’ve got a cross in these, then it devalues your business’
‘You need to be building balance sheets and building profitability'
VALUABLE RESOURCES
The Business Mastermind Podcast
Get your copy of Survive And Thrive NOW at https://www.surviveandthrive.cc
Keep Your Boat Afloat - https://www.survivetothrive.biz/keep-afloat
ABOUT THE HOST
Gavin Preston
Gavin is an inspirational Speaker, Business Strategist, Business Growth Mentor, Trainer and high-performance Coach. He works with Business Owners and Entrepreneurs and has a strong track record in creating creative strategies to accelerate the growth of their business. He has helped hundreds of SME business owners and leaders improve their performance and that of their business and a comparable number of executives and employees in blue-chip corporates over the last 20 years.
Gavin’s energetic, insightful and yet down to earth and practical talks, workshops and coaching is in demand with high growth business between £250,000 and £30 million revenue and with multi-national organisations at all levels from Board to frontline Managers. He is an expert in Business Growth Strategies, Peak Performance Mindset, Persuasion & Engagement, Marketing, Productivity, Leadership Development, Team Development & Motivation, Leading Change, Stakeholder Management, Personal Effectiveness and Behavioural Change.
CONTACT METHOD
