The "6 P Method" to Sell Your Business for Huge Profit
By Michelle Seiler Tucker
In the new book by Michelle Seiler Tucker - the leading authority on buying, selling, and improving businesses - EXIT RICH: The "6 P Method" to Sell Your Business for Huge Profit, has created a must-have guide for all business owners, whether they're gearing up to sell a business now or just getting started building out their company into something to sell for a profit in the future. Steve Forbes says of EXIT RICH, "It's stunning that so many business owners end up leaving so much equity on the table when they want to cash out. That's why this book will be a goldmine for these entrepreneurs."
Too many entrepreneurs push off planning for the sale of their business until the last moment, only to discover they can't find a buyer. But for a business to sell for what it's really worth - or even more - owners need to prepare for the sale from the very start using Seiler Tucker's most effective techniques.
In EXIT RICH, you'll learn:
· The business landscape has changed dramatically over the years. In 2013, I researched small businesses extensively and found that 85-95% of all startups will go out of business in the first five years, as compared to today when only 30% of startups will fail within five years, but a whopping 70% of businesses (out of 27.6 million) that have been in business for ten years or longer will fail.
· You hear about the public companies all the time, such as the big box stores like Toys "R" Us, Kmart, Stein Mart, and Pier 1. But what you don't hear about is the small businesses on every street corner, in every town, and in every state across our great nation that are dropping like flies.
· According to Forbes, 8 out of 10 businesses don't sell, and this was before COVID. Don't become part of this startling statistic; instead, learn how to build a sustainable, scalable, and sellable business, so when you are ready, you can EXIT RICH.
· The importance of planning your exit strategy from day one using the "ST GPS Exit Model."
· The importance of building your business on the ST 6 P's, or the 6 cylinders every business should operate on - they are essential to building a company that will attract buyers and sell for maximum value.
· Which industries are hot and which industries are not? Which are on the way up and which are on the way out?
· Why it is essential to AIM: Always Innovate and Market, to keep up with changing customer demand so you don't become the next Blockbuster.
Seiler Tucker's brilliant twofold approach to selling your business for maximum profit combines two of the most powerful elements of her mergers and acquisitions toolkit: the ''ST GPS Exit Model'' to help business owners set goals for the sale before their business hit the market, and the ''6 P Method'' to help them objectively evaluate their business's worth, before their potential buyers do. Combined, these tools provide invaluable insight into the process of preparing a business for sale, finding the right buyers, and staging the sale itself.
EXIT RICH provides a step-by-step blueprint for maximizing your business profits, as you learn how to evaluate your business, when to sell it, and how to work with the top business authorities to make that happen. It is a great resource for any business owner looking to objectively evaluate their business before a sale, improve their chances of finding the right buyer, and sell their business for maximum profit.ABOUT THE AUTHOR: Michelle Seiler Tucker is the Founder and CEO of Seiler Tucker Incorporated. She has sold hundreds of businesses to date and currently owns and operates several successful businesses. She is the leading authority on buying, selling, and improving businesses, as well as increasing a business and revenue streams.