Did you know that over 80% of business owners don’t have a plan for when they exit their business and 98% don’t even know the value of their business?

Here’s the real kicker though, EVERYBODY, and that means even you listening, exits their business at some point; it just may not be on your terms…. Some exit on purpose and some exit because of the 5 Ds: death, disability, divorce, distress, or disagreement.

Welcome back to The Biz Doctor podcast, and join your host Lauren Goldstein and guest Sarah Goodman to help make sure that you and your business are not part of those statistics and have a fighting chance to truly make an impact and meaningful exit when you want to.

Key takeaways:

• Exit Planning - Every owner will exit, but very few have an exit plan.
• Exit Readiness - Those that plan have greater odds of success and better outcomes.
• M&A Overview - To achieve best outcomes, the process can take 1-3 years, and includes some tax and financial planning. You can't start too early, but you can start too late.

CTAs/Resources

To get your high-level valuation range, and feedback on areas to focus for a future successful exit visit: https://www.eminencestrategies.com/

Sarah's Book Recommendations:Mindset: The New Psychology of Success by Carol Dweck
The Go-Giver: A Little Story About a Powerful Business Idea by Bob Burg & John D. Mann

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Meet your host. Lauren Goldstein is founder and CEO of the award-winning and globally-recognized business consulting firm, Golden Key Partnership.

Her clients lovingly call her “The Biz Doctor” (which also happens to be the way this podcast got its name). Her superpower is helping 7-figure service-based entrepreneurs uncover what is keeping them stuck in the trenches of their business, so that they can have more freedom, profitability, impact, success, happier teams, and can breathe a much needed sigh of relief.

She’s been featured in Thrive Global, Huff Post, Authority Magazine and is a trusted expert to fortune 500 companies like Apple, Nike, and AT&T, among others.

For more from Lauren, and to learn more about her signature diagnostic framework or how she helps business owners get out from under her business tune visit her website https://www.GoldenKeyPartnership.com

You can also connect with her on instagram (www.instagram.com/itslaurengoldstein) or LinkedIn (www.linkedin.com/in/laurenegoldstein)

The Biz Doctor Podcast is produced by Story Studio Network. www.storystudionetwork.com/