Welcome to another episode of MOJO: The Meaning of Life and Business. Today, Jennifer Glass dives into one of the most critical phases of entrepreneurship: exiting your business. Whether you’re pondering passing your company down to your kids, selling to a third party, or just walking away, the exit strategy you choose—and how you prepare for it—can dramatically impact the ultimate value you receive.

Joining Jennifer Glass is Cameron Bishop, a distinguished executive, entrepreneur, and current partner at Rain Catcher, a lower middle market investment firm. With decades of hands-on experience transforming and acquiring companies, Cameron Bishop shares his expertise on how to prepare your business for sale, avoid common pitfalls, and maximize your “second bite of the apple.” They’ll tackle everything from owner dependency and legal structure to financial management, customer concentration, and the emotional rollercoaster of letting go.

If you’re even vaguely considering how and when to exit, this episode is packed with strategic guidance, real-world examples, and vital steps every business owner should be thinking about—years before making their next move.

About my guest: Cameron Bishop is a distinguished executive and entrepreneur with a remarkable track record of transforming companies and maximizing value for business owners. He notably led Intertec Publishing from a $7 million company to a $400 million enterprise and co-founded Ascend Media, growing it to $120 million in just three years. Mr. Bishop has extensive experience advising private company owners on exit strategies and business transitions, and as CEO of SkillPath Seminars, he spearheaded significant organizational transformation. He is passionate about empowering business leaders to achieve their full potential and navigate complex challenges.

Connect with Cameron on LinkedIn, Instagram, X, and on the web at raincatcher.com/

Keywords: business exit strategy, selling a business, business transition, maximizing business value, business valuation, investment banking, business acquisition, private equity, M&A process, business broker, exit planning, business profitability, owner dependency, successor planning, organizational structure, LLC vs S corp vs C corp, legal structuring, tax implications, customer concentration, buyer risk, gross profit margin, EBITDA, financial reporting, accrual accounting, cash accounting, business growth, partnership buyout, rollover equity, business due diligence, deal structure