Jessica Fialkovich is the Founder and President of Exit Factor, which offers a proven method that helps small to midsize business owners maximize their company’s value before selling it. As a top expert in the business brokerage industry, she is a keynote speaker, small business advocate, award-winning business owner, and bestselling author. Jessica is also a four-time Inc. 5000 Entrepreneur and the Founder and Chair of Transworld Business Advisors.
Here’s a glimpse of what you’ll learn:
- How Jessica Fialkovich sold her first business and began helping other entrepreneurs
- Major mistakes entrepreneurs make when selling their businesses
- How can business owners prepare to sell?
- Strategies for exiting a business
- Jessica describes the sales timeline to maximize business value
- Key considerations for buying a company
- Overcoming identity loss following a sale
In this episode:
95% of entrepreneurs sell their businesses due to personal challenges. Yet, many business owners delay developing an exit plan, compromising the company’s value during the transaction. So how can you develop a thorough process to exit your business and maximize its value?
As an expert exit strategist, Jessica Fialkovich recommends managing your day-to-day operations as if you’re planning to sell your company. By keeping a potential exit top of mind, you can begin developing a strategy that boosts profitability. The sale process takes approximately one year, so it’s crucial to identify an ideal price range and assess your business’ worth to establish systems that help you reach that goal. You should begin positioning your company to sell four to six years in advance so you can capitalize on its full potential.
Tune in to this episode of Systems Simplified as Adi Klevit sits down with Jessica Fialkovich, Founder and President of Exit Factor, to talk about preparing to sell your business. Jessica shares strategies for exiting a business, the timeline to maximize its valuation, and key considerations for buying a company.
Resources mentioned in this episode:
- Adi Klevit on LinkedIn
- Business Success Consulting Group
- Jessica Fialkovich on LinkedIn
- Exit Factor
- How I Sold podcast
Sponsor for this episode:
This episode is brought to you by Business Success Consulting Group.
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