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E390: Lessons on Being an Exitpreneur with Joe Valley

The EcomCrew Ecommerce Podcast · with Joe Valley · June 17, 2021 · 31 min

Summary

For ecommerce operators, the largest financial gain often comes from selling their business. This episode, featuring "EXITpreneur" Joe Valley, provides a clear roadmap to planning and executing a 7-figure exit. It covers everything from understanding your business's true value to structuring a profitable deal, ensuring you don’t leave money on the table.

Key takeaways

Themes

finance & fundraisingfounder & leadership

Topics covered

exit planning strategyecommerce business valuationnegotiating business salestructuring profitable dealsmaximizing business valueexitpreneurship

Episode description

Just like most other sellers, you probably got into ecommerce for the freedom and the money, but the biggest money you're ever gonna make comes on the day you sell your business. Would you know what to do when that day comes? Do you think you'll be selling your business for top dollar when it does? Have you planned in advance for a 7-figure exit? If not, this episode is for you. Today, I'll be talking to serial entrepreneur and Quiet Light Partner Joe Valley about his new book, The EXITpreneur's Playbook. In this book, Joe uses his expertise and real life experiences to help you get that exit right without leaving any money on the table—from setting up a game plan, to knowing the actual value of your business, all the way to negotiating and structuring a deal. Timestamps: An overview of The EXITpreneur Playbook - 6:33 A sneak peek into the chapters and sections of the book - 15:27 How far in advance you should be planning that exit event - 20:25 Developing healthy habits and how planning little by little can help you get that exit right - 24:31 <span style="font

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Frequently asked about this episode

What does this episode say about finance & fundraising?
Start planning your business exit years in advance, not just months, to build maximum value and avoid common pitfalls.
What does this episode say about founder & leadership?
Focus on developing healthy business habits and operational efficiencies that directly contribute to a higher valuation.
What does this episode say about finance & fundraising?
Understand the true market value of your business and learn negotiation tactics to secure the best possible sale price.
What does this episode say about finance & fundraising?
Structure your business for attractiveness to buyers from the outset, considering factors like clear financial records and scalable processes.
What does this episode say about finance & fundraising?
Consult resources like "The EXITpreneur's Playbook" to gain a comprehensive understanding of the exit process, from game planning to deal structuring.

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