What You'll Discover In This Episode:
It is well-known that many baby boomer business owners who want to retire are having a hard time selling their businesses for a number of reasons. Here are a few of the more obvious ones:
They have outdated business models or technologies that are not appealing to potential buyers.
They don’t have built-in systems and processes that would help keep the business running at pace through a change in ownership.
There can be disagreements regarding the valuation of the business, leading to a breakdown in negotiations.
In other words, the business owner has a difficult time finding the right buyer who sees the same value in the business, and wants in at the same time the business owner wants out.
The same could be true if you decided you wanted to exit your business due to having children, a health condition, divorce, stricter regulations, taking care of an elderly parent, wanting to retire, another passion is calling your name, or you simply no longer have the energy to lead a team.
The reasons to want to exit your business down the line are endless but your options will not be. That is why it is important to build a business from the beginning with exiting it in mind. And to be clear, I don’t just mean walking away but actually selling the healthy and successful business you worked hard to grow over the years for a desirable sum sans stress and chaos. The best time to start preparing to exit your business is yesterday but it’s never too late to start.
In this week’s episode of Small Business Straight Talk, I sit down with the Founder of The Exiter Club, Jason Duncan, to dive into his XOS™ Method, a framework he created to instruct business owners on how to exit their business without exiting.
Episode Links & Resources:
About Guest:
The Real Jason Duncan is the founder of The Exiter Club, a mastermind and coaching program that helps entrepreneurs escape the grind, scale their businesses, and reclaim their freedom. Using his XOS Method and #ExitWithoutExiting strategy, Jason empowers business owners to build thriving businesses that work without them.
A former pastor and schoolteacher, Jason has founded 13 companies, exited four, and inspired thousands through his best-selling book, Exit Without Exiting, and his podcast, The Root of All Success. A 2-time TEDx speaker featured in Inc. and Entrepreneur, he lives what he teaches—embracing a freedom-filled life of adventure with his high school sweetheart.
