Building a Business to Sell: How to Maximize Your Business Value with Ellen Long

Picture this: your business is thriving, but are you really setting it up for long-term success? Whether you plan to sell or not, preparing your business as if you will is a game-changer. In this episode, Ellen Long, an expert Exit Advisor, reveals essential strategies to optimize your business for a profitable exit. From mastering your finances to building the right team, Ellen’s expertise will help you boost your company’s valuation and secure your future.

Ellen breaks down the crucial steps of engaging an Exit Advisor early on, ensuring you’re not just reacting to offers but strategically positioning your business for maximum value. This isn’t just about selling; it’s about creating a legacy and having the freedom to make choices on your own terms.

Ready to take control of your financial future? Don’t miss out on our FREE E-book, The Health Professionals Playbook for Adding Multiple Streams of Income. Discover how to grow your income without being tied to your practice 24/7. Download your copy now at bit.ly/42YnYki and start building more time and money freedom today!

Timestamps

[00:00:43] Setting up a business to sell.

[00:03:37] Learning from past business mistakes.

[00:07:40] Valuation and EBITDA in business.

[00:11:52] Leveraging the power of story.

[00:14:39] Maximizing company value.

[00:16:17] Strategic acquisitions.

[00:20:02] Outsourcing and unique abilities.

[00:25:03] The importance of business rewards.

[00:25:48] Entrepreneurial vision and growth.

[00:27:18] Exit checklist and profitability analysis.

Memorable Quotes

“The best businesses are the ones that are ready to sell. So if you decide you want to sell your business or not, you’re going to have a better business if it’s ready to sell. Why? Well, it means that you have a management team in place, hopefully running the business so that you can work on it instead of in it.” [00:03:07] – Ellen Long

“It really is looking at your business and saying, what is so strategic about my business? What amazing things have we built? How can we make them better? What is a buyer going to look at when you look at your company? So really for me, it’s let’s start looking at our company through the eyes of a buyer instead of a founder.” [00:15:30] – Ellen Long

Connect with Ellen Long

Website: https://buildprovesell.com/

Instagram: https://www.instagram.com/ellenlongstyle/

LinkedIn: https://www.linkedin.com/in/ellenrlong/

Links Mentioned In This Episode

Hit the link for more information on The Mindshare Collaborative – https://mindsharecollaborative.com/about/

 Get your playbook below click here👇

THE HEALTH PROFESSIONAL’S PLAYBOOK FOR BUILDING MULTIPLE STREAMS OF INCOME – https://go.mindsharecollaborative.com/multiple-streams-of-income-ebook-1