Have you ever thought about your exit strategy?
Wait! I know you’re probably thinking “Lynn, I just started my business! Why would I want to exit it?” But thinking about selling your firm (even if you never do) will force you to build better systems, smarter structures, and a business that isn’t 100% dependent on you.
In this episode, I’m sharing two value drivers you can implement now to build a firm that’s more profitable, sustainable, and attractive down the road.
Timestamps:
[04:55] What potential buyers look for (and the tough questions to expect)
[08:18] Value Driver #1 - Financial performance: What your financials should show, margin benchmarks you should strive for, and a simple ROI check for client profitability.
[14:00] Value Driver #2 - Growth potential: Six ways to highlight future earnings
[25:37] Action steps and homework: A simple exercise to look at your business through a buyer’s eyes and spot opportunities to de-risk and increase value.
If this episode is helpful to you, get the full workbook with all 8 value drivers, checklists, and templates inside my bookkeeping Training Circle. The first 30 days are free.
Join here: coachingbookkeepers.com/membership.
About the Host:
I’m Lynn Talbott, the Bookkeeper’s Coach. My podcast, The Better Bookkeeper Show, is your guide to growing your bookkeeping business in a thoughtful and sustainable way. I fully believe that anyone has what it takes to make a living from bookkeeping, whether that means being a solopreneur or building a 7-figure firm like mine. So follow along, and let’s get your bookkeeping business where you want it to be!
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Produced by SpeakEasy Productions and hosted by Lynn Talbott of The Bookkeeper’s Coach.
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