Episode 743 | How to Sell Your Business Without Regret

Startups For the Rest of Us

Rob Walling

Management, Entrepreneurship, Business, Marketing

4.8 • 792 Ratings

🗓️ 10 December 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 743, Rob Walling and Dr. Sherry Walling read the first chapter of their new book, Exit Strategy: The Entrepreneur’s Guide to Selling Your Company Without Regret. They discuss the emotional and psychological challenges of selling a business, and why it’s often harder than founders expect. They offer insights on how to prepare for a sale, protect your mental health, and how to best navigate this major life change that few others understand. Back the book on Kickstarter Episode Sponsor: Hiring senior developers can really move the needle in your business, but if you bring on the wrong person, you can quickly burn through your runway. If you need help finding a vetted, senior, results-oriented developer, you should reach out to today’s sponsor, Lemon.io. For years, they’ve been helping our audience find high quality, global talent at competitive rates, and they can help you too. Longtime listener Chaz Yoon, hired a senior developer from Lemon.io and said his hire ”definitely knew his stuff, provided appropriate feedback and pushback, and had great communication, including very fluent English. He really exceeded my expectations.” Chaz said he’d definitely use Lemon.io again when he’s looking for a senior level engineer. To learn more and get a 15% discount on your first four weeks of working with a developer at lemon.io/startups. Topics we cover: (1:49) – Exit Strategy Introduction (6:56) – Exits are complicated (11:16) – One of the hardest things you’ll ever do (15:57) – Your business is your baby (18:35) – Entering the unknown (26:49) – Six factors that shape how you feel about an exit (31:03) – Making it real Links from the Show: Exit Strategy: The Entrepreneur's Guide to Selling Your Business Without Regret Back the book on Kickstarter MicroConf Connect Applications Close Today, December 10th Rob Walling (@robwalling) | X Dr. Sherry Walling (@sherrywalling) | X The SaaS Playbook Built to Sell by John Warrillow Touching Two Worlds by Dr. Sherry Walling The Entrepreneur’s Guide to Keeping Your Sh*t Together by Sherry Walling, PhD, Rob Walling If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your quest...

Transcript

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0:00.0	I'm Rob Walling, and in this episode of Startups for the Rest of Us, my wife, Dr. Sherry Walling,
0:05.0	and I read Chapter 1 of our new book called Exit Strategy, the Entrepreneur's Guide,
0:11.0	to Selling Your Company Without Regret. This effectively will become the intro and first chapter of the
0:16.5	audiobook, so you get a free preview of the audiobook to see if you might like it.
0:22.7	The Kickstarter for this book closes this week on December 12th.
0:27.6	You can, of course, go to kickstarter.com and search for exit strategy, or you can follow the link in the show notes.
0:33.2	It would be amazing to have your support.
0:35.7	This campaign is not doing as well as the SaaS Playbook did.
0:38.9	And so every bid helps, every pledge helps.
0:41.8	And even if you are not thinking about selling your business today, I believe it is never
0:46.4	too early to set yourself up for success, even if it's months or years down the line
0:52.0	when you decide to sell.
0:53.5	And this book talks about all the stuff to think about before, during, and after,
0:58.0	and the before section is super helpful even if you aren't thinking about selling today.
1:03.2	In addition, applications for the all-new MicroConfConnect are closing today, December 10th.
1:09.8	MicroConf Connect is our application-only membership,
1:13.3	and we only open applications once per month to ensure everyone who's accepted is onboarded
1:18.5	together in a cohort and that we can give them the support they need. All members who sign up
1:23.4	will have access to an Ask Me Anything with me on December 12th. If you miss the application date, though, you can make sure to sign up for the waitlist.
1:30.7	We're going to reopen applications after the new year.
1:33.9	That's microconnect.com.
1:36.0	And with that, let's dive into the intro and first chapter of exit strategy.
	...

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