Don't Go It Alone: Building the Right Team to Sell Your Business

Selling your business is likely the largest financial event of your life, yet many owners try to go it alone or wait until the last minute to prepare. In this episode, Jennifer Fox and Eric Sigman explain why a successful exit starts with building the right professional team. They break down how the right advisors can turn what might feel like a stressful, complex process into a smooth and profitable transition. From a business broker who guides the sale, to a CPA who helps navigate tax implications, to a skilled transaction attorney who protects your interests in the contracts, they outline the key roles every seller should have in place. In their discussion, they also highlight other important experts who can help safeguard your financial future and point out common mistakes owners make when assembling their advisory teams. Tune in to learn why deals are far less likely to fall apart when experienced M&A professionals are involved, and why starting to build your team early can make all the difference when it's time to sell.

Key Points From This Episode:

• Today's topic of conversation: building the right team.
• Jennifer unpacks who should be on your team, and why it matters.
• Why a business broker is an important member of your team.
• Working with your CPA, and how that makes the broker's job easier.
• The role of a transaction attorney (and why the right one is key!)
• How a financial advisor can support your transaction: understanding your financial situation.
• Other key players who have a role to play on your team.
• Jenn shares common mistakes made when compiling teams.
• A key takeaway from today's topic.

Tip of the Day: When selling your business, don't go it alone—build a team of experienced professionals to ensure you do it right and maximize the value of your deal.

Links Mentioned in Today's Episode:

Jennifer Fox on LinkedIn

Eric Sigman on LinkedIn

Transaction Talk

Disclaimer:

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