In this episode of Nail the Numbers podcast, Kerry discusses the critical importance of planning for a business exit. He emphasizes the need for business owners to understand their financial metrics and prepare their businesses for sale well in advance. The conversation covers the emotional and practical aspects of exiting a business, the significance of having accurate financial records, and the long-term benefits of strategic planning for a successful exit. Takeaways

• Consider what your exit strategy looks like.
• Understanding your numbers is crucial for a successful exit.
• Don't wait until you're ready to sell to get your numbers in order.
• Your business's profitability will affect its attractiveness to buyers.
• Plan for your exit years in advance, not just months.
• Evaluate your financial goals for the sale of your business.
• Regularly review your profit and loss reports.
• Identify areas where your business can improve profitability.
• Seek professional help to analyze your business's financial health.
• Start thinking about your exit strategy today.

If you are ready to know your numbers and take the next step then go to https://constructionprofitfirst.com/profitcall and schedule your 15 min call with Kerry - have a conversation to see if we are a good fit. #HomeServiceBusiness #SellYourBusiness #FinancialClarity #bookkeepingforhomeservices #homeservices #FinancialTipsForBusiness #moneymanagementstrategies #moneymanagement #bookkeepingbasics