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Build a Business That You Can Sell
Rating: 4.1 out of 5(8 ratings)
146 students

Build a Business That You Can Sell

Make sure your business creates the freedom lifestyle you want by planning for its sale
Created byJohn Chang
Last updated 9/2015
English

What you'll learn

  • Know what it takes to build a business you can sell
  • Understand how selling your business can help you achieve a freedom lifestyle
  • Identify who needs to be on your team of advisors to help sell your business

Course content

4 sections • 13 lectures • 30m total length

  • Quick Intro - Who am I? Why should you care? Some of what we'll cover..1:28

    Just a few words on why this course is so important to all entrepreneurs and small business owners.

  • What We Do / Don't Cover in This Course12:00

    (Please see attached outline.)
    What We Don't Cover in This Course

    • M&A - Mergers & Acquisition; this gets into some securities discussions and things that apply only to a few folks.
    • Specialized businesses, e.g. medical / legal practices - there's more here than we can cover in this course
    • Pure asset sales such as liquidation or forced sales requires an appraisal expert

    We will only briefly mention: customers, employees, and partner.

Requirements

  • Students should be familiar with basic business planning.
  • Issues related to employment benefits and other employee issues are not covered

Description

Many of us chose to start a business to create a lifestyle of freedom and passion. Too often we realize too late that somehow we ended up trading one job for another.

If you're still trading your time for dollars - if you don't have systems in place - if you ARE the business, then you're really not building a business. You're creating a job that no one is going to want.

And that's a problem.

You see, I've worked with owners who got sick. Or others who needed to move to a new area. Or some who just decided they needed to change careers.

But they had little options.

It's said in the business brokering industry (these are folks who buy / sell businesses every day) that 4 out of 5 businesses don't sell.

In reality it's been my own personal experience that the numbers are more like 9 out of 10. Worst of all, it typically takes 6 to 8 months to sell a business - and that's when they DO sell.

We're going to cover -

  • What is the one site you do NOT want to advertise your business for sale

  • Make sure you have this document signed or you may just lose your business

  • How can you make sure that you get the most value for your hard work
    ..and much more!

Since 2006, I've been helping business owners with their planning and strategy. Over the years I've learned that these hard working folks really do support our economy. But unfortunately it also means that they often don't benefit from their hard work because they are missing just a few key pieces of the puzzle.

Now it's my job to help entrepreneurs and small business owners to see how their business isn't just a way to serve their customers. But it can also serve as a vehicle to reach the success and freedom that they've always dreamed of.

This course is for educational purposes only. Everyone should seek legal and financial advice from professional advisers. (Photo: Ramin Hossaini)

Who this course is for:

  • This course is for entrepreneurs who are building their startups.
  • Small business owners will learn how to make sure their business will help them achieve their financial goals.

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