The best way to exit a business with Mark Mills

Ex founder of Cardpoint plc – Mark Mills

Mark Mills is an entrepreneur who has created and successfully exited three companies. He is the founder of Cardpoint PLC which achieved $100M annual revenues from start-up, where he exited when an offer of $25OM revived. He then founded the Mark Mills Partnership after he was asked to assist other business owners with the sale of their businesses.

Many owners do not understand the process or have suffered from it breaking down. Unlike other advisers, Mark is highly experienced at delivering a successful outcome and ensuring the deal is made for maximum return to the business owner in a reasonable time frame. Mark leverages legacies for company owners and ensures that legacy is realized.

“Whatever happens throughout the exiting process, your business has to go in an upward trajectory.” – Mark Mills

Episode Highlights:

Things that will come up when you exit from your business

What is the standard due diligence list you need

What the three elements in presenting your business

Who you should approach specific buyers

How to test a good advisor for your business

How to approach your closed-knit team when you’re selling your business

How to set up a timeframe in selling your business

Tips in delegation when exiting a business

Recommended Resources:

Making Your Mark by Mark Mills

Never Split the Difference by Chris Voss with Tahl Raz

Connect with Mark:

Linkedin

Twitter

Websites:

Mark.co.uk

Transcript: Download

Video Transcription?provided by?GMR Transcription Services.

Jaime: Welcome to Eventual Millionaire. I am Jaime Masters, and, today, on the show, we have Mark Mills. You can check him out at mark.co.uk, and he sold 100 million-pound annual revenue company and has had 3 exits himself. Thank you so much for coming on the show today.

Mark: Thank you for having me, Jaime.

Jaime: I love working with and chatting with people that have done exits because I don?t think people talk about it. We?re all building to sell, supposedly, but when it actually comes time to sell, I feel like people get beat up a lot. So, can you talk about your experience with your companies and being able to sell, especially the first one?

Mark: Absolutely. I think one of the interesting things is that the process really has to start when you start the business, when you think about it, because, if you are looking to build a business to sell it, then, really, from day one, you should start to think with the exit in mind. And if you do that, then your preparedness will make it a lot easier as you go through the process of building your business and then, subsequently, exiting it. So, I think that the thing that I would give as a piece of advice is to start with the end in mind.

So, even if you?