How to prepare to EXIT your business
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Our newest service is ‘Launch to Exit’, and one of the reasons we launched that service is because we think a lot of Founders don’t think about exit strategy early enough. In, fact they tend to believe that providing their business is profitable their business will be sellable if and when they are ready to sell.

But the fact is you have to prepare to exit and not only prepare your business but prepare yourself. So often exiting a business is viewed as the opposite of launching a business when in fact it’s actually an intrinsic part of the same story.

So I wanted to speak to an expert on the matter and Rob Goddard absolutely is that. He ensures business owners secure their dream exit by achieving their "magic number" and so open up a new chapter in their lives.

Introduction to Rob

Ensuring business owners secure their dream exit by achieving their "magic number" and so open up a new chapter in their lives.

Rob has successfully navigated the start up, scale up and sell up journey himself. So from his own personal experience provides insight, guidance & input to other business owners who are on that journey. This means that their business grows and becomes “sale or investment ready”
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Questions:

1. Welcome Rob’ and congrats on your recent nuptials! so before we get into the meat of this interview, what is your story and how did we get here?

2. You speak about the magic number, what is that?

3. You are also quite vocal about some of the skullduggery used by some business brokers to lure unsuspecting business owners. So what should business look for when choosing a business broker and what are some red flags to avoid?

4. How can a business owner get an accurate valuation of their business?

5. What I love about your approach is that you seem to care deeply about the wellbeing of Founders not just the value of their businesses. Tell us why that is?

6. How do you know when the right time is to exit a business?

7. How can you ensure that your business doesn’t become a prison that holds you captive?

8. Let’s talk about your book Suicide to ‘Success: How a locked exit gave me a way out’ it’s a difficult topic but an important one because according to a study overseen by the University of California, entrepreneurs are 30% more likely to experience depression than members of the general population.

9. The entrepreneurial journey can be brutal, what advice do you have for entrepreneurs who are struggling with mental health having gone through it and come out the other side yourself?

10. Finally, how amazing it is on the other side of a successful business sale having achieved your magic number?

11. How can people work with you?

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Find out Rob’s answers to these questions and more in the video above

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