The other day a staff member asked me what I'd do if MY business was unsellable. The fact is, nearly 80% of our clients come to us facing this exact scenario. I share with every one of these clients four key strategies for moving forward toward a better exit. 

Determine Your Exit Number

First, ask yourself: What does my ideal exit look like? Do you aim for a million-dollar exit, or maybe something in the range of three to five million dollars? Knowing your exit number gives you a clear target. This number will be your guiding star as you map out your exit strategy.

Establish a Time Frame

Next, figure out your time frame. How long are you willing to stay in the business? Are you thinking of exiting within a year, or do you have a two-to-five-year plan? Some owners even plan their exit seven years in advance. The time frame is crucial because it sets the pace for your preparations and strategies.

Seek Professional Help

Don't go it alone. Hire a coach who can keep you accountable. Coaches help you stay on track and make sure you’re executing your plan effectively. I personally have a coach, and so does my team. The results have been transformative. If you're serious about selling your restoration business, outside help is invaluable.

Implement Strategic Adjustments

Running a business to sell requires different strategies than running it for daily operations. Examine your current processes and identify areas for improvement. Make your business appealing to potential buyers by demonstrating strong operational systems, consistent revenue growth, and clear financial records.

To successfully sell your restoration business, know your exit number, set a clear time frame, get professional help, and adopt strategic adjustments. By focusing on these key areas, you'll make your business more attractive to buyers, ensuring a smoother and more profitable exit.

If you need further assistance, feel free to reach out. Visit www.rbasells.com for more information.