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The Key Questions to Answer Before Selling Your Business

The Key Questions to Answer Before Selling Your Business

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 In the podcast episode, Mike Levison, founder of Value Acceleration Partners, explores the concept of readiness to sell a business, emphasizing that it's more than a financial undertaking but also a significant turning point in a business owner's life. He breaks down readiness into three main areas: mental preparedness which includes examining emotional resilience and readiness for change, financial preparedness requiring a deep understanding of the business's financial health and its market worth, and timing, which considers market and industry trends as well as personal and professional goals. Stressing the importance of having trusted advisors, financial transparency, and strategic timing, Levison ends by offering assistance with preparedness through Growth Acceleration Partners, hinting at their PreScore report which evaluates readiness to exit business.
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