Q: All I’m hearing lately is M&A activity and multiples. What else should I be thinking about while planning my exit?
JT says: A few key questions will offer some insight. First, do you want to sell and retire completely, or sell and then work a few more years for the buyer? Fundamentally different answers, but central to your planning. Second, are you feeling burned out, or actually ready to sell? Some restoration owners call wanting to sell, but learn they’re simply tired. We then refer support to create a sustainable work/life balance. Third, a surprisingly simple yet complex question, do you know who you are without your business? Answering is a struggle for some. Ultimately, there’s a personal transition alongside the business transaction. Awareness of both is valuable for your best outcome.
Get Answers + Get Prepared = Get Retired
Have a question for JT? Don’t worry, all questions will remain anonymous! You can email JT at jt@exitstrategies360.com.
