In this episode of Keep What You Earn, Shannon dives into the essential steps of selling a business. Offering valuable insights from her own experience, she breaks down the four main phases of selling a business. Shannon provides an in-depth understanding of the offer, due diligence, valuation and tax implications, and transition planning. Listeners will gain practical tips and advice for navigating the intricate process of selling a business, derived from real-life examples. So, if you're considering selling your business, be sure to tune in as Shannon Weinstein sheds light on the crucial steps you need to know.

What you'll hear in this episode:

04:07 Discussing hypotheticals with a lawyer is crucial.

10:14 Transition planning for business sale and handover.

11:20 Documentation crucial for solopreneurs; affects business value.

14:36 Prepare early and seek professional guidance for selling.

If you like this episode, check out:

Why Building a Sellable Business Should Be Your Goal

How to Know if a CFO Power Session is for You

You Accomplished Your Goal. What's Next?

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.