The Art & Science of Exiting Your Business

Ep. 116 – The Art & Science of Exiting Your Business (Exit Your Biz series #1)

November 28, 2023

If you’re anything like the business owners I know, chances are that you’re focused on GROWING your business, not the day you’ll leave it behind!

And yet there’s a HUGE trend of baby boomer business owners exiting their businesses.

So welcome to a new podcast series on Exiting Your Business.

In this first episode of the series, special guest Barb Stuhlemmer, business and change strategist, and I chat about:

  • Some of the challenges of succession.
  • Several options for exiting your business, including the most popular.
  • Reasons why your business may not even be sellable & how to overcome those pitfalls
  • Barb’s “EDIT” process for creating a succession plan.

ABOUT BARB

In her 30+ years working in and with small businesses, Barb supports women business owners who are looking for the process to prepare to exit their business through sale or succession.

Barb has developed a unique process to support the owner and their teams in creating successful change in the business. Barb believes owners should be able to “Live Your Life, Not Your Business”™.

Connect with Barb:

Try Barb’s Exit Readiness Quiz here.

ACTION PLAN

1.  If you’ve already created your Big Picture Vision for your business for the next 5 years, it’s time to think about your Exit Strategy (vision for your exit).

2.  Think about:

  • When you would like to retire from your business.
  • What you would like the exit to look like.
  • How much $$$ you will need from the sale of your business.
  • Who you think would make a good ‘purchaser’.

3.  Start gathering some information and thinking about who you would need on your team to help you with this succession plan.

Share your feedback with me by clicking here and leaving a short voice message!

Discover the #1 problem that’s holding your business back!

Take my FREE quiz – Business Freedom Calculator (here).

In 5 minutes, you’ll answer 22 questions that identify where you fall in one of the four stages of business growth. The calculator will lay out specific action steps you need to take now to ultimately achieve the freedom you desire.

Connect with me here:


Work with me:

Currently, there are 2 ways you can work with me:

I am only accepting private clients in my 12-month Business Accelerator program (here) or

By booking a VIP Grow Day which is intensive session designed to give you my undivided attention and acceleration to accomplish something extremely fast. More information here.

Share your feedback with me by clicking here and leaving a short voice message!

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About Diana Lidstone

Diana Lidstone coaches entrepreneurs to accelerate growth and increase profits while freeing up more time for the things they love. Best-selling author, speaker, and host of the Work Less, Profit More Business Podcast, Diana transforms frazzled, overworked business owners into profitable, overjoyed CEOs.

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