How to Sell Your Business: 17 Types of Billion and Million Dollar Exits with Steph Sharp

The Best Business Podcast With Daryl Urbanski

Have you ever thought to sell your business and start anew? It’s challenging to know how to sell your business at a good price and deal. Studies have shown that business owners have a success rate of 5% in selling their businesses! It’s not just about the exit; you need to have a good strategy.

In this episode, Steph Sharp joins us to talk about how exits start with knowing how your business works. An attractive business can operate and thrive without its owner. Steph also shares exit strategies and common pitfalls you might encounter while you try to sell your business.

If you want to learn how to exit your business, then this episode is for you!

Here are three reasons why you should listen to the full episode:

1. Understand the ways you can make your business transferable and scalable.
2. Learn how to make your business attractive through the right pricing, business model, terms, and documentation.
3. Discover the different ways you can exit and sell your business.

Resources

• Rich Dad's Cashflow Quadrant by Robert T. Kiyosaki
• The 7 Habits of Highly Effective People by Stephen R. Covey
• Built To Last by Jim Collins
• Follow Steph’s work on Millionaire Exits and Facebook.
• You can also reach Steph through her email [e-mail].

Episode Highlights

Knowing Your Business Inside and Out

• Steph shares her story of starting with small businesses, investment banking and capital markets, and eventually negotiations.
• There are five types of businesses: charity, hobby, job, basic business, and transferable business.
• Understanding your type of business makes it easier to know what exit strategies to employ.
• For example, most basic businesses are profitable. However, people cannot come in and do your work.

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