What Happens When You Can’t Sell Your Business with Mike Finger, the owner of Exit Oasis

The Exit - Presented By Flippa

Technology

5.0 • 420 Ratings

🗓️ 12 July 2021

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the CEO of Exit Oasis, Mike Finger has helped countless people sell their businesses with cutting-edge exit strategies and methodologies acquired over the years. In this episode, Mike gives us insight on the questions to ask when selling a business, the “3Ds of selling”, and the two-stepped process for a seamless exit -- 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 updat

Transcript

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0:00.0	Hello and welcome to the exit presented by flippa. This is a 30-minute podcast featuring amazing
0:14.8	entrepreneurs who have been there and they have done it. The exit talks to operators who have
0:18.3	bought and sold businesses of all different sizes. You'll learn how they did it, why they did it,
0:22.8	and get exposure to the world of exits. It's a world occupied by a small few but accessible
0:28.6	to many. And on this episode I sit down with Mike Finger. He's a fantastic serial entrepreneur
0:34.8	who has owned eight businesses and had successful exits and multiple businesses of those eight.
0:42.0	So he does a good job of walking us through all the different exits that he's had. He's bought
0:45.7	businesses, sold businesses including car washes, and he's done a good job of giving back to his
0:52.4	entrepreneurial community where he's based in Wisconsin. So we go through brokerages,
0:58.8	how the process works for selling businesses, both brick and mortar and online. And we talk a lot
1:05.6	about how preparing for a business is important from the start. And he touches on something very
1:11.6	important that is focusing on sustainability as a business first and then focusing on the
1:18.8	sellability of it. Because if you can focus on the sustainability of a business, you're able to
1:24.6	outlast, let's say if somebody turns down a deal or the deal goes south and it's not going to go
1:30.6	through, you need to be able to sustain. So we talk a lot about that. He talks about his burnout
1:36.7	of his first business that he was going through the sales process of. And I love a couple
1:42.4	portions of this where he talks through actually selling his kitchen table in half with his wife.
1:48.8	And accepting people to come into their house to do visits and consultations with
1:55.4	two desks that are made out of one kitchen table. So fantastic conversation here with Mike
2:00.9	Fingers. Without further ado, let's dive right into the interview.
2:05.4	All right guys, I am joined today by Mike Finger, the owner of Exit Oasis. How's it going Mike?
2:11.9	Hey Steve, great to be here. Yeah, happy to have you. So before we get into Exit Oasis,
	...

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