In episode 374 of Financially Simple, Justin continues his examination of making a business ready for selling or your exit from running it.
Knowing the state of affairs within your own business is one of the key fundamentals to having it ready to sell, or to continue running like clockwork in your absence. In this episode, Justin lists more of the matters that require attention - are your affairs in order, or are they in need of improvement.
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00:42 - Is Your Business Exit Planning Ready? Part 2
02:33 - Management Systems and Forecasting
04:27 - Company Documentation
07:59 - Expense Contracts
08:46 - Personal Knowledge
09:43 - Systems and Processes
11:07 - Compliance
12:12 - Improving Profits
16:43 - Summary
Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. To learn more about our credentials and awards, please visit https://heritageinvestor.com/awards-certifications/. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.