How To Prepare for an Easy Exit with Kim McGuinness

The Exit - Presented By Flippa

Technology

5 • 2K Ratings

🗓️ 9 January 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on The Exit: Scared by unceremoniously losing her job when the newspaper she was working at shut down, Kim vowed to start her own business so she would never need to rely on anyone else again. The result was a 16 year journey of building an Australia-wide event company. Always knowing she would exit, Kim set the business up in a way that would be attractive to any buyer. Listen for all her tips on preparing for not just a successful exit, but a smooth exit. Kim McGuinness is a business consultant & mentor, writer, editor and brainstorming partner. Through CoMojo, she works with business owners to build co-created growth strategies into the DNA of powerhouse businesses, networks and humans. LinkedIn - https://www.linkedin.com/in/kimmcguinness/ Twitter - https://twitter.com/kimmcguinness CoMojo Website - https://www.comojo.com.au/ -- The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

Transcript

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0:00.0	Hello, and welcome to the exit presented by Flippa,
0:02.9	the world's largest marketplace to buy and sell online businesses and startups.
0:06.5	The exit is the 30-minute podcast featuring amazing entrepreneurs who have been there and they have done it.
0:10.5	The exit talks to operators who have bought and sold businesses of all different sizes,
0:14.5	you'll learn how they did it, why they did it,
0:16.7	and get exposure to the world of exits.
0:18.6	It's a world occupied by a small few, but accessible to many.
0:22.6	On this episode, I sit down with Kim McKinnis.
0:25.9	She's a fantastic entrepreneur who went through an exit and this whole episode is very much focused on preparedness.
0:34.7	She walks through how the exit process was a bit of a walk in the park or not as much that easy,
0:41.3	but it was easy in the grand scheme of things because she was prepared.
0:47.2	She came to the table with everything in order and she has some really great knowledge
0:52.6	in this episode about you need to be able to open the door to your grandma and show her what the business is
1:00.0	and everything needs to be completely in order by the time of the exit.
1:04.5	She talks a lot about having the right mindset and just being really focused on the exit when you start
1:13.6	and getting everything in order and the whole year leading up to the exit happening for her.
1:19.7	It was a series of just getting everything prepared,
1:24.1	getting everything in order and knowing that it was going to happen,
1:27.7	not exactly when, but it just fell into place.
1:32.3	So without further ado, let's sit down and have an awesome conversation here on the exit with Kim McKinnis.
1:50.4	All right, everyone. Today I am here with Kim McKinnis and she is the founder of
1:56.1	Komodo. How's it going, Kim? Very well. Thank you, Steve. How are you?
	...

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