Allen Terrell Gregory

Allen Terrell Gregory

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How To Exit Your Business | Aepiphanni Business Consulting 12/04/2024

My good friend Rick Meekins had me on his podcast recently and I wanted to share it with you.

We had a great discussion regarding exit planning and business acquisitions.

Tune in for an episode that promises to be as enlightening as it is practical, especially for those plotting their business journey’s next phase.

How To Exit Your Business | Aepiphanni Business Consulting Explore strategies on how to exit your business and feel like you have won with Allen Terrell Gregory on the Relentless Pursuit of Winning Podcast

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I came across a post on LinkedIn regarding a disease called BSDS. People that want to sell their businesses -- and the people who represent them -- constantly infect one another.

Here are some of the symptoms:

😷 Business "value" based on beliefs and not real-world accounting and statistics

🤒 Gatekeeping data that is absolutely critical to help buyers come up with reasonable offers

🤢 Asking a prospective buyer to submit an LOI prior to talking to the seller

🤮 Complete and utter delusion in not just pricing the business, but how to have conversations with prospective buyers. So much so, that sellers and brokers are actually rude and disrespectful to people who can put money in their pockets and food on their tables.

This disease is called Broker/Seller Delusion Syndrome.

If you or someone you know is suffering from these symptoms, you could end up wasting years of your life, lose an insane amount of sleep, and waste a ton of money on broker listing fees.

Don't do this to yourself. Get help. An ounce of prevention is worth a pound of cure.

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