In my world... the story of how I BUILT & SOLD my 7-figure business,
all during guilt-free school hours

Business gives you Lifestyle, to be the Mother you long to be!

There is NO mechanism, other than Business, that allows you to earn the money you need to earn; in the hours you need to earn it in.
Where else can you have such control and have such fun!

OK, so meet my ex-Mother of a Business #3, aCE talentNET.

It started out something like this some 15 years ago…
(click image to enlarge)

Now, look at how I was able to restructure it based on the principles of "Start with the End in Mind TODAY, regardless of how old your business is…" to great success.

To explain:

1. Even though it was nearly 15 years old, the decision to EXIT was made two years prior to the sale.

2. Firstly, by negotiating with my Business Partner so that we were in this together, and secondly, getting to the point where taking it to market was the right next step for it's ongoing growth.

3. Once agreed, the internal "renovation" began; commencing at the same time it was put "on the market". (In hindsight, the renovation should have been started earlier on!)

4. A successful outcome for us was to SELL to the Best Buyer at our Best Price, in the current market.

To prove my Mother of a Business was doing 7-figures over the Sale period, I've included its "scorecard" for show-and-tell. I've done this mainly to demonstrate that by going through the "renovation" process, it did not impact on the turnover of the business, and the numbers it was doing at the time of sale.

Here is a sneak peak at my ex-Mother of a Business scorecard!

So, what is key to EXITing your Mother of a Business?
Well there are two:
1. renovate your Business so you have an Asset to sell,
2. find a Buyer who wants to take it off your hands for as much as possible

For that to happen means getting it as ready as it can be for show-and-tell and finding the best potential Buyers to show-and-tell it to!

To illustrate what I mean by "renovation", lets use a Real Estate example from an investment property point of view.

When selecting an investment property as opposed to a home, you look at different criteria as it's not something you have to live in daily. Considerations when structuring a business are no different.

Is your Mother of a Business something you want to "live" in or is it something you want to treat as an investment asset, to deliver certain financial outcomes and be attractive to the next Buyer when the time comes to sell it?

Thinking like this helps to best express "Start with the End in Mind TODAY. An investment property is usually built or purchased with a specific end result in mind. Setting your Mother of a Business up as an Asset follows the same principles.