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Prepare Your Business for Sale with Tracy Gunn

Author
Salim Omar
Published
Mon 25 Jul 2022
Episode Link
https://straight-talk-about-small-business-success.simplecast.com/episodes/prepare-your-business-for-sale-with-tracy-gunn-U_LrMArW

[00:01 - 03:40] Opening Segment

  • Welcoming Tracy Gunn to the show
  • Tracy shares her experience with getting turned down for the sale of her company

[03:41 - 11:42] Ready.Fix.Sell.

  • How to make your business sellable
    •  Come up with a plan
    •  Focus on fixing before growing
    •  Utilize available resources
  • How systematizing her business could attract the right buyer
  • Plan your exit

[11:43 - 20:27] Stand Out from The Competition

  • How do you know when your business is ready to be sold?
  • The goal: Keep your business running without you
  • How to prepare for a better exit strategy
  • Tips on how to better manage your business when going away
  • Check out Richard Koch and Greg Lockwood’s book: Simplify

[20:28 - 22:52] Closing Segment

  • Tracy's final word of advice
  • Connect with Tracy on the links below



 

Connect with Tracy on Facebook, Twitter, and YouTube. Visit her website and register for her masterclass. If you book Tracy Gunn, you get a vibrant and passionate entrepreneur, who is deeply knowledgeable about all aspects of small business. She can speak about start-ups, growth, pivoting, scaling, and exiting. She started her business when her life was at an all-time low - and through her dogged determination and trial and error, built a candy empire over the last 16 years. 

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Tweetable Quotes

“There are things that we're doing as the owner that somebody else could do. It just requires a little bit of effort to offload that and delegate… Then magically we gain an hour or two a week back.” - Tracy Gunn

“You are not your business. You are not the success or failure of your business. You are the entrepreneur and there are probably 500 more ideas in you.” - Tracy Gunn

“Don't get so caught up in your identity and ego in the business. Build it to be independent of you and it will reward you.” - Tracy Gunn

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