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Thinking about selling your business, retiring or stepping away one day?

In this episode of Small Business Sorted, Kay and Crystal unpack the real-world process of exiting a small business and explain why successful business exit planning should begin well before you are ready to sell.

They share honest stories about rushed business exits, unexpected valuations, staff reactions and the emotional impact of leaving a business that has been a major part of your life.

YOU WILL LEARN HOW TO:

• Start planning your business exit early and establish a realistic timeline.
• Work out your financial freedom number.
• Understand your personal financial position before selling.
• Prepare accurate books and financial records for a business sale.
• Improve profitability and cash-flow sustainability.
• Reduce the business’s dependence on you as the owner.
• Build reliable systems that allow the business to operate without you.
• Diversify your customer base and reduce concentration risk.
• Identify the risks that could reduce your business valuation.
• Protect your staff, customers, reputation and legacy during the transition.

THIS EPISODE ALSO COVERS:

• How small businesses are valued.
• Goodwill and what creates genuine business value.
• Preparing a business for sale.
• Staff communication and transition planning.
• Customer and client retention strategies.
• Succession planning for small-business owners.
• Protecting the legacy you have worked hard to build.
• Creating a more valuable, saleable and owner-independent business.

Whether you are planning to sell your business soon, preparing for retirement, considering succession or simply want to build a stronger business, this episode will help you understand what buyers look for and what you can do now to improve your options.

Small Business Sorted with Kay and Crystal delivers practical, jargon-free advice for Australian small-business owners, tradies and service-based businesses.

#BusinessExit #ExitPlanning #SellingABusiness #BusinessValuation #SuccessionPlanning #SmallBusinessAustralia #BusinessForSale #RetirementPlanning #BusinessGrowth #SmallBusinessTips #BusinessSystems #CashFlow #Goodwill #BusinessOwner #SmallBusinessSorted

Connect with us:
Crystal Petzer - https://businessgrowthcoach.com.au/
Kay Godfrey - https://upupandaway.net.au/

Radio Northern Beaches 88.7 or 90.3 FM - https://www.rnb.org.au/
Email us - radio@businessgrowthcoach.com.au

Facebook - https://www.facebook.com/profile.php?id=61590811295505
Instagram - https://www.instagram.com/small_business_sorted/

If this episode hits home, share it with a business owner who needs to hear it.