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The How of Business - How to start, run, grow and exit a small business.

412: Is Your Business Sellable? with Mike Finger

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7 β€’ 522 Ratings

πŸ—“οΈ 7 March 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

Is your small business sellable, and what you need to have the freedom to sell your small business when and if you choose to, with Mike Finger, a successful small business owner and the founder of Exit Oasis – providing coaching services and resources to help small business owners prepare for the sale of their business.

Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs.

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run, and grow your small business. And now here is your host. Welcome to this episode of The Howa Business. This is Henry Lopez. And my guest today is Mike Finger. Mike,

0:21.9

welcome back to the show. Thank you, sir. Pleasure to be here. Looking forward to it.

0:26.2

We're going to explore again, how do you prepare your business for sale and some of the common

0:31.8

misconceptions or mistakes perhaps that Mike encounters, because this is what he focuses on,

0:36.7

and perhaps determining if you

0:38.2

should sell your business. But certainly as Michael explained and I have given this a lot of thought

0:44.3

and experience as well is I think every business that we own, we should prepare for sale,

0:50.3

even if we're not intending to do so anytime soon. So that's what Mike and I are going to

0:55.4

explore on this episode. To receive more information about the Hawa business, including the

1:00.2

show notes page for this episode and to schedule a free coaching consultation with me, just visit

1:05.6

the howab business.com. So let me tell you more about Mike. Mike Finger is a successful small business owner and the founder

1:12.0

of Exit Oasis. Exit Oasis provides coaching services and resources to help small business

1:18.7

owners like us prepare for the sale of their business. Over the last 25 years, Mark has bought,

1:24.7

built, and sold multiple businesses. Building his first business was a

1:29.4

rewarding challenge, as he says, but what really captivated him was the selling process, the

1:34.4

selling of that first business. Mike explains that selling his first business was a miracle

1:39.4

in his life. It changed everything, but it almost didn't happen. He was 10 years in with 50 employees when he

1:45.5

found out the business was unsellable. It was devastating, as you might imagine, but he moved forward

1:51.3

and focused on changing a few simple elements in the business. And those things made the first

1:57.1

sale possible, the first sale of that business, and it changes life.

2:05.9

He now focuses on helping other small business owners experience that same miracle.

2:12.0

And so as I said at the outset, Mike welcome back because Mike has previously been on the show back in episode 278, which I released back in October of 2019.

...

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