Mar 14, 2019
75% of business owners regret selling their business one year after they exit. This shocking statistic is why John Warrillow developed "PreScore" which measures a business owners current emotional state to exit their business. In this episode John shares the 4 key drivers that his research indicates leads to this regret, and what to do about it. He talks about being pushed vs being pulled. Creating a market for your business. How much your identity is tied up in your business and lastly how your staff will be treated when you leave. He also makes the point that existing your business doesn’t have to mean selling it to a third party, it can mean transitioning it to a manager, or the next generation. This is a great episode for anyone that currently owns a business or may do so in the future.
John is the creator of Value Builder System - which is a process that helps business owners increase the value of their business so they can exit with more, or transition it to a manager or the next generation. He is also the author of the international bestseller "Built to sell- Creating a business that can thrive without you. And the author of his latest book - "The automatic customer: Creating a subscription business in any industry.
"Value builder" is about how prepared the business is for sale, whilst "PreScore" is about the owner personally.