Ep 186: Finding Entrepreneurship Freedom When Setting Up Your Business Exit With Mike Finger

Has it ever crossed your mind that you can actually sell your business for a DREAM Price? 

For that to happen, you should have an exit plan that is worth shooting for!

In this incredible episode, I have invited Mike Finger who will share his expertise that can lead to your dream exit.

Over the last 25 years, Mike Finger has bought, built and sold multiple businesses. Building his first business was a rewarding challenge, but what really captivated him was selling his first business. But that sale almost didn’t happen. Mike was 10 years in with 50 employees when he found out the business he had built was unsellable. It was devastating. But he moved forward and focused on changing a few simple elements in the business. Those changes made that first sale possible, and he says it changed his life. Now Mike works to help other small business owners change their business so they can experience their own life-changing sale when the time comes.

We have discussed Mike’s rude awakening when he tried to sell his first business. What are the three critical things a business must have in order to sell? How much time you should give yourself to get your business ready to sell?

We also talked about how to go from survival mode and being up to your eyeballs in work to being in an empowered place as a business owner with options to sell for a large exit or hold on to your business that only takes a few hours per week to run. What is Stress Expense? And what’s the difference between the Mindset of Flipping versus Buying and being in business for the long-term?

Watch now and discover how you can plan your exit for a dream price worth shooting for!

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Episode Highlights

03:54 Getting to know Mike
10:29 Nothing good comes quickly
16:53 The key elements of an attractive business
18:39 The differences between ONLINE and OFFLINE businesses
25:12 Can the results be documented?
31:26 Remember – People won’t buy responsibility!
39:07 The 3 principles that you should know (important!)
40:19 How to set up a DREAM price for your business?
48:32 It’s not always ALL about the money

 

About The Guest

 

Over the last 25 years, Mike Finger has bought, built and sold multiple businesses. Building his first business was a rewarding challenge, but what really captivated him was selling his first business. But that sale almost didn’t happen. Mike was 10 years in with 50 employees when he found out the business he had built was unsellable. It was devastating. But he moved forward and focused on changing a few simple elements in the business. Those changes made that first sale possible, and he says it changed his life.

Now Mike works to help other small business owners change their business so they can experience their own life-changing sale when the time comes.

 

Resource Links:

➥ Buying Online Businesses Website (https://buyingonlinebusinesses.com

➥ Download the Due Diligence Framework (https://buyingonlinebusinesses.com/freeresources/)

➥ Visit Niche Website Builders 

Get EXCLUSIVE OFFERS here as a BOB listener

 

Connect with Mike Finger:

www.exitoasis.com

https://www.linkedin.com/in/mike-finger/

 

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