Bulletproof Entrepreneur S03E13 - How to increase the value of your business 12x and get ‘exit ready’ - Business Mentor of the Year, Christine Nicholson.
42 snips
Feb 22, 2024 Christine Nicholson, the Business Mentor of the Year, shares her journey from leaving school at 16 to becoming a successful entrepreneur. She reveals shocking stats—90% of SMEs are unsellable—and emphasizes the importance of early exit planning. Christine discusses strategies that helped a business boost its sale value by 12x in under two years. She also highlights the significance of having the right team and offers free tools for aspiring entrepreneurs to enhance their business value and prepare for a successful exit.
AI Snips
Chapters
Books
Transcript
Episode notes
Exit Market Is Brutally Inefficient
- 90% of SMEs are unsellable and half close for zero value.
- Only one in 2,000 sell for full market value, Alan Smith relays Christine Nicholson's data.
Begin Exit Planning On Day One
- Start exit and succession planning when you plan the business, Christine Nicholson advises.
- Design your model from day one with the end in mind so it becomes saleable.
Move From Operator To Shareholder
- Get out of the day-to-day so you can act as a shareholder during a sale.
- Christine Nicholson: build a roadmap to hand over control before the transaction starts.
