When Is the Right Time to Sell Your Business? Stop Timing the Market
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When Is the Right Time to Sell Your Business? Stop Timing the Market
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Andy and Doug discuss when to sell your business and why timing the market is less important than being prepared. They cover key topics such as cleaning up financials, documenting operations, building succession plans, how banks view seller expenses, and the reality of seller financing.
Using real seller stories and examples, the episode explains how life events can force a sale, why planning early (even in your 30s or 40s) matters, and how a well-prepared business can close in months rather than years. Practical takeaways include talking to advisers, removing the owner from day-to-day operations, and considering your post-sale plans.
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