Exit strategies
Listen now
Description
If you ask a bunch of business owners their exit strategy, a good proportion will say: “What’s that?”  Your exit strategy doesn't need to be comprehensive. Do you plan to sell it one day? Ride it out for as long as you can until you shut the doors? Will you focus on building a passive income outside the business that will keep working for you after you stop?  If you're relying on a big windfall when you sell your business, be warned: a lot of businesses are worth less than the owner thinks it is. This is especially relevant if the business relies on your skills / experience / personality / relationships.  In this episode, Alex and Dave talk through the pros and cons of the various exit strategy options, so you can start working towards your ideal outcome. #business #legal #WealthActivism #finance #businesssuccess #businessowners #exitstrategy #businesssale #sell #podcast #melbourne David Murdoch is a Wealth Activist® at paxtonbridge.com. Alex Martin is Director of tauruslawyers.com.au. No drinks were harmed in the making of this episode.
More Episodes
Are you struggling to make your way into the property market and unsure if owning a home is possible for you? Is buying a home the be-all and end-all? What other favourable options are there if it isn't for you? Join Alex and Dave as they discuss the challenges of the current property market,...
Published 02/15/24
Do you know your rights and obligations under consumer law? As a business owner, it is important to know your obligations when selling goods and services.  Individuals should also be aware of their rights as consumers.  Join Alex and Dave they delve into consumer law, in particular what...
Published 02/01/24