Secrets to Selling Your Business

Ep 60: Maximizing Value Through Timely Decision-Making in Business Sales

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Joseph Gitto, a seasoned entrepreneur and founder of Blue Sky Advisory Services, brings over 25 years of expertise in business sales across various industries. A CPA by training, Gitto underscores the importance of maintaining clean financial records and having a strong team as foundational elements for a successful business sale. He advises business owners to initiate sale preparations at least 36 months in advance to align with personal financial goals and ensure tax efficiency. Emphasizing the value of professional guidance, Gitto highlights the need for strategic planning and transparent communication to manage the risks and emotional complexities involved in selling a business.



Here’s what to expect this episode:

  • Organized financial records are crucial to avoid complications during a business sale.
  • Having a competent team can enhance the value of a business being sold.
  • Strategic planning over a 36-month period is essential to align personal and business financial goals for a smooth sale process.
  • Preparing for life after selling a business is critical, including defining new purposes and navigating emotional transitions.
  • Engaging with professionals like M&A advisors is crucial during a business sale to manage emotional aspects, planning, and non-monetary factors.

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    Connect with Joseph Gitto:

    https://www.linkedin.com/in/josephgitto/

     

    Connect with Jacob Koenig:

    https://www.linkedin.com/in/jacobkoenig/

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    Secrets to Selling Your BusinessBy Jacob Koenig