When is the Right Time to Sell?

Transaction Talk

When is the right time to sell your business? Hollie Choe is a Business Broker and Certified Exit Planning Advisor at Transworld Business Advisors, and she joins us today to provide key insights on how to determine the right time to sell and how to prepare for it, both personally and in your business. Tune in to hear what to consider before engaging in a sale with real-life examples of moments where the market converges with personal reasons. Holly shares why the first question she asks potential sellers is always “What is your plan?” and what steps to take to ensure that your business is ready to sell. You’ll also hear about hurdles you might face before preparing to sell, how to understand the transition process before engaging in a sale, why it’s so important to prepare for the unexpected, and more. Thanks for tuning in.

Key Points From This Episode:

• Introducing Hollie Choe and today’s topic, determining the right time to sell a business.
• Two considerations to establish the right time to sell: personal and business readiness.
• Examples of reasons to sell where the market converges with personal reasons.
• The first question Hollie asks potential sellers: what is your plan?
• Steps to ensure your business is ready to sell: team, reliance on the owner, and more.
• Hurdles you might face before preparing for the right time to sell.
• Understanding the transition process looks like before selling.
• How being more prepared is connected to understanding the right time to sell.
• Preparing for the unexpected.

Tip of the Day: Preparation is key, whether it's to sell, expand, or grow your business.

Links Mentioned in Today’s Episode: Hollie Choe Phone Number: 541-920-9026 Hollie Choe Hollie on LinkedIn

Hollie Choe Email

Transaction Talk

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