Ep 602 What are the common challenges business owners face when preparing to sell their companies | Chantel Ray Finch & John McLaren

Health, Wealth & Godly Wisdom

Chantel Ray

Alternative Health, Health & Fitness

4.0 • 525 Ratings

🗓️ 27 April 2026

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chantel and John McLaren discussed common challenges business owners face when preparing to sell their companies. They explored why many businesses aren't worth as much as owners expect, highlighting the importance of creating a business that can operate independently of the founder. The conversation covered key areas where owners often struggle, including proper bookkeeping, transitioning away from hands-on roles, and the difficulty of removing themselves from sales responsibilities. Chantel emphasized the need for business owners to focus on one core service rather than diversifying, using examples like 1-800-GOT-JUNK's successful model. They also discussed the financial realities of business sales, including the working capital requirements buyers need beyond the purchase price. The discussion concluded with advice about timing business sales, noting that selling when burnout sets in is too late and that success without peace isn't truly successful.

Transcript

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0:00.0	She's a business mogul, number one author, and wellness expert.
0:05.2	How can I help?
0:06.1	And now Shantel Ray Fitch and her amazing guests are here to guide you on your journey to health,
0:11.1	wealth, and godly wisdom.
0:13.1	Time to level up.
0:14.1	Welcome to the Health, Wealth, and Godly Wisdom podcast.
0:19.9	Well, hello, everyone. We are so excited you're with us. And of course, we are talking about
0:26.2	how to grow, scale and exit your business. And I'm here with my co-host, John McClaren. John,
0:34.0	it's so good to be with you. Yeah, you too, Chantelle. Thanks for having me again.
0:38.1	Yeah.
0:38.7	Look forward to chatting about business today.
0:41.6	Yeah, let's really just dive in.
0:43.6	And I know you constantly are getting questions from people, people calling us all the time.
0:50.3	And I thought we'd kind of just talk about some of the questions that you're getting all the time.
0:56.0	And so we can just answer it here together on the show.
0:59.1	So let's start right in.
1:01.4	Yeah, I think it becomes a question sort of after our initial conversation.
1:06.5	But a lot of people are surprised.
1:09.0	And their question is like, why am I in a situation
1:12.4	after I've been running this business for years or decades that I have a business that's
1:18.6	just not worth as much as I thought it would be.
1:22.0	Yeah.
	...

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