On this episode, Maggie Lord shares her entrepreneurial journey and insights into exit methods, specializing in planning and monetary preparation for promoting a enterprise. She and Melinda talk about easy methods to determine potential patrons and guarantee a good valuation. The episode features a section from the sponsor, SmallBizLady Academy. Maggie additionally covers the significance of confidentiality and descriptions the timeline of the gross sales course of. She concludes together with her finest recommendation on exit methods, adopted by closing ideas.
Maggie Lord was an early pioneer within the on-line digital marriage ceremony media area. Because the founder + CEO of Rustic Marriage ceremony Stylish, Maggie led the corporate for 12 years earlier than it was acquired by David’s Bridal in 2020. Maggie can be the writer of 6 books. Right this moment, Maggie has develop into a sought-after strategic advisor to female-founded manufacturers, permitting her to concentrate on sharing her data and experience with different like-minded entrepreneurs. Maggie and her companies have been featured in Forbes, The New York Occasions, Enterprise Insider, Success Journal, and far more. For extra info: https://www.maggielord.com
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This week on SmallBizChat Podcast:
- Begin planning your exit technique early in your small business journey, even in case you don’t anticipate promoting quickly.
- Take into account the total 360-degree worth of your small business, together with intangible belongings like social media presence, when figuring out its price.
- Preserve confidentiality all through the acquisition course of and guarantee all shared info is protected by authorized agreements.
Sources Talked about:
On-line Programs: https://smallbizladyuniversity.com/academy
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